An Entire Block of Latino Businesses Are Facing Eviction in Washington Heights Washington Heights is often called one of Manhattan’s last true neighborhoods – but it, like the rest of the city, is trying to cling to its ÑYC spirit in the face of gentrifying forces. In 2014, Curbed ranked Washington Heights #2 in a list of the five fastest gentrifying neighborhoods in NYC, citing a 28.8% jump in the median home price in the area. But it’s not just residents who are facing displacement as rents go up – commercial tenants are also struggling to hold on to their small businesses, as buildings get bought up from underneath them and new landlords decline to renew leases. That’s precisely the issue unfolding on a block of Broadway between W 162nd and W 163rd. In 2012, real estate investors Israel Weinberger and Steven Neuman of Coltown Properties bought a building on this block that houses 12, primarily immigrant-owned small businesses, including neighborhood joint Punta Cana, which has been serving up Dominican mofongo to Heights residents for the last 40 years.

Earlier this year, the Village Voice reports, the new landlords gave seven of these businesses an ultimatum: either pay higher rent (in some cases, nearly double what commercial renters had been paying previously) or vacate. The eviction will essentially displace an entire block of Latino-owned small businesses, all of whom are part of the fabric of the Washington Heights community.business for sale alcoa tn From the Village Voice:rainbow handyman services When the building sold, says Quenia Abreu, the president and CEO of the New York Women’s Chamber of Commerce, the new owners declined to renew the commercial rental leases at 3880 Broadway. business for sale tayport

When a lease is not renewed, whether for a residential or commercial tenant, landlords can continue renting to the existing tenant under an implied month-to-month agreement until the tenant moves out or a new lease is negotiated. That’s where the trouble usually starts for businesses that fail to force landlords to issue a new lease.handyman services state college pa “Buildings are being sold in the community, new landlords are coming in with no regard to the community, to the businesses, even the residents that have been there a long time,” Abreu tells the Voice. business for sale lichfield“You can open a business and invest your life’s savings, $100,000, $200,000. north texas handyman services llc

And when the lease expires, the landlord can say, ‘I don’t want you anymore, goodbye,’ and give you 30 days.” In March, seven businesses at 3800 Broadway, including Punta Cana, were given eviction notices and told to vacate by the end of April. The businesses’ owners were each given the option of paying higher rent — for the restaurant, nearly double the current rate of $5,000 a month. When the Santos family [owners of Punta Cana] declined because they couldn’t afford the new rent of $9,000, they were given another month’s extension and then another, when the Legal Aid Society and Councilmember Mark Levine rallied to the business owners’ cause. “It is not cheap to open a restaurant, so for them to pick up and leave in 30 days, it’s just not possible,” Abreu says. “We forget that a lot of these community businesses are immigrant-owned, they are disadvantaged, low-income. They’re not making a lot of money. They provide employment for themselves, for their family, and for other people in the community.

But they’re not a multimillion-dollar company. These are mom-and-pop stores.” Punta Cana is the only business that decided to stay and fight the evictions. They are slated to go to court on July 2nd, but the Santos family is not optimistic about their prospects.The north coast or northeast coast in the Dominican Republic is a very good place for your second home, villa, apartment or property. At the moment Samana is a good investment opportunity. This new hotspot on the Dominican Republic Real Estate and Investments market is booming. The real estate lots, villas, oceanfront and beachfront plots, apartments, condos and properties are still at good prices, also the building costs for a home or villa. But, real estate and property prices are rising in Samana, Las Terrenas and Las Galeras. Since the opening from El Catey, the new international Samana airport, real estate market is booming.  Our section of LARGE DEVELOPMENT LOTS IN DOMINICAN REPUBLIC goes up till 15 million m2.

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) We have a large selection of  properties and land for sale in different budgets in the Dominican Republic, one of the largest Caribbean islands. Going up to 15 million m2 and more for developers from hotels and resorts. Professional assistance is available for serious customers. Read more about commercial real estate investments. Punta Cana is probably one of the most famous regions in the Dominican Republic and the Caribbean. When it comes to an apartment, property real estate in Punta Cana-Bavaro, check the FOR SALE section under Punta Cana Villas or Punta Cana Apartments. We have a selection of real estate for sale in this Punta Cana - Bavaro region. If you can not find your apartment or property in that Punta Cana - Bavaro section, just give us a mail. We give you advice in your search for your  real estate investment in Punta Cana-Bavaro. We have apartments, condos, villas, land and commercial real estate for sale in Punta Cana - Cap Cana - Bavaro - Cortecito - Macao - Uvero Alto - Miches - La Vacama.

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Most of the properties and villas we have are located in or around Las Terrenas, Samana, cabrera, Rio San Juan and Las Galeras. But we also have real estate, villas and properties in Punta Cana, Macao and Bavaro, at the east coast from the Dominican Republic. The market is going very fast at this moment, so it is possible that a property or villa just got sold. You can go and fill in the form, so we can start searching for your Caribbean dream villa in the Dominican Republic. The Samana peninsula is becoming THE destination from the Dominican Republic... Take also a look in our real estate blog Dominican Republic.The region Samana has a very natural environment, with long white beaches and beautiful palmforrests. But more in Samana, the quietness and relaxing atmosphere. No big all-in resorts in Samana and Las Terrenas but small and comfortable hotels and apartments. De law forbids to built higher than the nearest palm trees. So everything is integrated in the natural environment from Samana.

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