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LeFrak to pay $42M in settlement over scorching — and freezing — apartments

After nearly five years of litigation, LeFrak has reached a hefty settlement with tenants at a Battery Park City complex. LeFrak, the third-largest rental landlord in the city, is set to pay $ 42 million at Gateway Plaza, court documents show. The class action suit, filed in 2014, accused an entity controlled by LeFrak of neglecting heating repairs in the massive residential complex, which encompasses six 34-story buildings with 1,712 apartments across about 1.9 million square

The Real Deal New York

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