Owners forced to sell off their homes for almost nothing after NYC court rules billionaire landlord can increase ground rent by 450%

by

 
A rare spot of affordability on Manhattan’s ultra-luxury Billionaires’ Row is officially going the way of the dinosaurs.

Homeowners at Carnegie House, at 100 W. 57th St., are staring at a nightmare financial scenario. The issue: a breathtaking 450% ground-rent increase they spent the last year fighting that was upheld Monday by a New York County Supreme Court judge.

Now, with the massive price hike about to happen, co-op residents say their monthly costs will reach stratospheric levels — and others are looking to get out completely, with sale listings in the building asking shockingly cheap prices.

https://nypost.com/2026/01/07/real-estate/nyc-court-upholds-carnegie-houses-ground-rent-increase/?utm_social_post_id=645355618&utm_social_handle_id=17469289