6. (2014 March) Likeable Link: Tenant Held Out for $17 Million

“He [the tenant] demanded money. Lots and lots of money. Flabbergasted and unwilling to be held hostage, the Zeckendorfs [landlords] began demolishing the building anyway. They hoped to drive Herb [the tenant] out from all the construction hassle and noise. Herbert was undeterred.

After living in a construction zone for over a year, Herbert’s stubbornness finally paid off in 2005. Admitting defeat, the Zeckendorfs caved and made an offer Herbert could not (and did not) refuse. In order to finally get Herbert to leave his decrepit 350 square foot apartment, they offered him a one time cash buyout of… get ready for it… $17 million.”

Read the full article here: http://www.celebritynetworth.com/articles/entertainment-articles/stubborn-tenant-holds-absolutely-insane-amount-money-finally-leave-rent-controlled-nyc-apartment/

1 thought on “6. (2014 March) Likeable Link: Tenant Held Out for $17 Million

  1. The NY Real Estate market is totally messed up. These “heart-warming” stories of stubborn resistance should not blind us to the fact that >50,000 people will be homeless tonight, and every night, until we get land value taxation in place, or something darn close.

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