New York Daily News

A QUICK EVICT FIRM IS BOON TO CITY POL

She’s one of Congress’ richest

- BY JAMES FANELLI

REP. CAROLYN Maloney, one of the richest members of Congress, rakes in cash from a stake in Virginia rental properties that have been quick to evict tenants who fall behind in rent.

Linkhorn Place Associates, a limited partnershi­p that owns and operates two Virginia Beach rental complexes, has evicted two dozen tenants since 2013. Maloney — who faces a challenge from hotel executive Suraj Patel in the Democratic primary in June — inherited a 4.8% stake in Linkhorn in 2013.

From 2013 to 2016, she earned between $30,000 and $95,000 a year in income from the rentals, according to her most recent financial disclosure forms.

The Upper East Side lawmaker also has a stake in Birdneck Country Club Apartments Inc., a real estate company that owns the land that is leased to Linkhorn Place.

While Maloney’s campaign declined to say how much of Birdneck she owns, she has stated in disclosure­s that the asset is worth between $1 million and $5 million.

And from 2007 to 2016, she collected between $40,000 and $115,000 a year in income from Birdneck.

Former Linkhorn tenants told the Daily News that they were unaware of Maloney’s connection to the properties.

However, they said Linkhorn moved swiftly to boot them for missing rent — even though their apartments had problems.

“It was like a slumlord,” former renter Justin Lacasse, 34, said of Linkhorn.

 ??  ??

Newspapers in English

Newspapers from United States