Here’s a little mystery that I’ve uncovered but have yet to solve. Maybe you can shed some light on it. The Real Deal reported in February 2025 that 312 East 106th Street in East Harlem sold for just $285,110, a 97 percent discount from its 2016 sale. It seemed like an example of a rent-stabilized building being eviscerated by the 2019 Housing Stability and Tenant Protection Act. It had an air of plausibility because the previous buyer had been Isaac Kassirer’s train wreck known as Emerald Equity Group. But a 97 percent discount? That seemed too extreme to be true, […]

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