Year After Fire Displaced Dozens, 73 Monroe Street Reborn as Luxury Rentals

Posted on: October 24th, 2016 at 5:00 am by
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The five-story tenement at 73 Monroe Street is on the rebound more than a year after a second-floor blaze vacated the property and displaced dozens of tenants. Rehabilitation commenced several months ago and just recently wrapped, transforming the walkup into luxury rentals.

In late May 2015, a fire sparked on the second floor and spread throughout the rest of the building. Firefighters quelled the blaze within an hour, but two residents were reported injured.

A day following the fire, the Department of Buildings issued a full vacate order after a structural stability inspection found “shaking and vibrating.” (It’s still active.) Three dozen tenants were displaced in the aftermath and the premises later padlocked. However, the DOB order also noted prior “illegal occupancy throughout” 73 Monroe. Indeed, shuffling through the complaint history on this property uncovers neighbors’ concerns that some units were “converted into a hotel.”

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Since the summertime, common was the sight of workers moving to and fro, as well as a curbside dumpster.

No official word just yet on whether the displaced tenants, if only a fraction, will return now that renovations are complete. Probably not. Though, just take a look at the latest listings for the apartments in the building. Freshly renovated for premium rents, here “in the heart of Two Bridges a neighborhood known for its dynamic cultural scene and nightlife entertainment,” with the Manhattan Bridge directly above.

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There are both one- and two-bedroom units available from $2,262 and $2,838 respectively.

Meanwhile, our requests for comment from HPD and the building owner went unanswered.

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