Historic Harlem Apartments to Be Auctioned Off

Wednesday, Feb 3, 2010  |  Updated 7:30 AM EDT
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Historic Harlem Apartments to Be Auctioned Off

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A sign near one of the buildings of the Riverton Houses apartment complex is seen December 3, 2008 in New York City. The Riverton Houses include more than 1,200 apartment units in Harlem, built in 1948.

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A judge has ordered the foreclosure sale of the historic Riverton Houses, a middle-class Harlem apartment complex.

Residents have included jazz pianist Billy Taylor; former Mayor David N. Dinkins; and former Motown Records vice president Suzanne de Passe. Clifford L. Alexander Jr. also lived there; he was secretary of the Army in the Carter administration.

State Supreme Court Justice Richard F. Braun ordered a public auction to satisfy the owner's $240.6 million debt. Several groups have expressed interest.

Riverton was bought in 2005 by a company led by developer Laurence Gluck. It planned to replace rent-stabilized tenants with more profitable market-rate tenants.

Last month, it was announced that two massive middle-class complexes, Stuyvesant Town and Peter Cooper Village, would be turned over to creditors.
 

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