In 1981, Donald Trump bought two adjacent buildings on Central Park South for $13 million, and a few years later, he tried to evict the tenants of one of the buildings, 100 Central Park South (now called Trump Parc East). That's partly because he wanted to replace the two buildings with luxury high-rise condos, but also because most of his tenants were paying ridiculously low rent in the rent-controlled building, The New York Times reports, focusing on Madelyn Rubinstein, whose rent was $93.08 a month — the same amount her grandmother had paid since 1967.
The tenants fought Trump's attempts to evict them. They hired a lawyer, David Rozenholc, and sued Trump. After a long and public battle, Trump agreed in 1986 to let the buildings stand and the tenants keep their existing rents. In the late '90s, he turned Trump Parc East into condos, but let renters stay, and some are still paying less than $1,000 a month for a one-bedroom.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
