The roughly $75 million deal to buy Saxon Hall, a 16-story, 470,000-square-foot rental building at 62-60 99th St. in Rego Park, was first reported in real estate news outlet The Real Deal, which mentioned that a plan by Taconic Investment Partners to convert the building into condominiums had been abandoned.Vantage could not be reached for comment. Lubert-Adler did not deny the deal but did not immediately provide any further details.In January Vantage Properties purchased a portfolio of 47 rent-stabilized buildings in Jackson Heights, Flushing, Sunnyside and Woodside from former Flushing-based landlord Nicholas Haros, who in 2005 was named by a housing advocacy group as one of the city's 10 worst landlords based on the thousands of open violations against his buildings. Tenants in some of the Vantage buildings filed suit April 10 in Manhattan's State Supreme Court against the real estate firm claiming that they were being harassed in a bid to force them out of their apartments
©2008 Community News Group
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