Just a year ago, The Chatsworth was infamous in the annals of New York City residential real estate. An architectural and stylistic landmark, The Chatsworth had been the subject of a major rent strike, hundreds of housing code violations, three different property managers in 10 years, and more legal battles than just about any other rental property in the City. The Chatsworth, located at 346 West 72nd Street, was also teetering on the edge of financial disarray, with monthly expenses out pacing rent collections.
Apartment life has not always been easy at the Chatsworth. On and off for the last three decades, the rent-stabilized building on the West Side of Manhattan has been the scene of major landlord-tenant battles, pushing it into financial and physical decline and since the late 1980's into the hands of a court-appointed receiver.
BY early next year Stef and Linda Fogelson expect to be in the two-story French Provincial-style home they are building on a two-acre wooded lot in Chappaqua, N.Y.
The Fogelsons have not yet found a buyer for the home they now own and occupy, but they are not worried because the builder of their new house has agreed to buy their existing home if it has not sold by the time the new one is ready.