Report: Starrett City Sale On Hold

From Crain’s: “The sale of Starrett City has been delayed because the owner of the sprawling Brooklyn complex and federal housing officials have been unable to agree on the fair market value of future rents. Starrett City Associates had initially expected to select a winning bid by early September, but the owner feels rents set by the Department of Housing and Urban Renewal are too low, preventing it from gaining fair value for the property.”

Report: Starrett City Sale On Hold