Slate Property Group

Slate Property Group

Tenants at Slate Property Group’s Upper West Side apartments at 600 Columbus Avenue are accusing the owner of “inhuman displacement.” Residents report abrupt lease non-renewals, renewals at significantly higher rates, or the possibility of temporary displacement for unit renovation. Slate acquired the 166-unit rental property a year ago for $120 million. Some tenants claim asking rents have increased by roughly 60%, with apartments that were $5,000 a month now at $8,200. While Slate stated the average change to market-rate leases has been 8.6%, residents dispute this figure. A group of residents is exploring legal strategies regarding Slate’s actions.

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