Landlords Give Sandy-Damaged Tenants a Break

Landlords in Coney Island, Red Hook and Dumbo are helping out their Sandy-ravaged commercial tenants with rent and other aid, DNAinfo reported. Thor Equities has lowered rents by as much as 40 percent on Surf Avenue in Coney Island, benefitting Brooklyn Rock and Wampum, among others. Red Hook landlord Gregory O’Connell, whose own business moved back into its Red Hook HQ only last week, has offered low-interest loans and rent abatements to tenants. Two Trees Management in Dumbo has also been letting tenants pay rent later and talking to insurance companies on their behalf, as well as helping out with property repairs.
Brooklyn Waterfront’s Landlords Forgo Rent to Keep Sandy-Ravaged Tenants [TRD]
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