The tenant was paying $2,145/month = $25,470/year.
According to the letter, they forced out another tenant. IF that tenant was paying a similar amount, the landlord was making >4x taxes in rent, not less than the current taxes.
Also, the current owners bought the property on 12/30/2014. Why should anyone have sympathy for them having tenants? They knew they were buying a rent-controlled building. They aren't some owners for the past 30 years being held victim to tenants who won't move out.
correction to myself on "buying", it appears the previous owner was "SHUKRY & VERA LAMA RVC LVG TR" and the new owner is "LAMA NADIA V", so it probably was an inheritance, not a purchase.
If you read the facebook post, it claims they transferred the house from one couple to a sibling as part of the process that allowed them to increase rent.
The tenant was paying $2,145/month = $25,470/year.
According to the letter, they forced out another tenant. IF that tenant was paying a similar amount, the landlord was making >4x taxes in rent, not less than the current taxes.
Also, the current owners bought the property on 12/30/2014. Why should anyone have sympathy for them having tenants? They knew they were buying a rent-controlled building. They aren't some owners for the past 30 years being held victim to tenants who won't move out.