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Unusual Clause Invalidates Leases in a Battery Park City Building Going Condo

22 River Terrace, Battery Park City, Manhattan

May 2, 2014 — The Tribeca Trib reports on how the rental tenants of 22 River Terrace, in Battery Park City, are being forced to move out with only 90 days’ notice. Why? Because new owner Centurion Real Estate is converting the building to a condominium and acting on an unusual clause in most of the units’ leases that unilaterally cancels them.

Brick Underground also reports on the 22 River Terrace condo conversion, including a guide to what a conversion process usually entails.

Previously reporting on this story: the Battery Park City community newspaper The Broadsheet, with its title-says-it-all story "Rental Tenants Facing Eviction for Condo Conversion Allege Bad Faith by Developer."

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