The Baruch College Faculty Handbook
Last updated on 10/22/2009Letter dated 10/7/09
Dear CUNY College Presidents,
I’m writing to inform you of an opportunity to offer discounted rental housing in East Harlem to your faculty, staff and students.
In June of this year, Hunter was able to memorialize an agreement with the Muss Development Company, owners of brand new luxury apartment building at the corner of East 119th Street and 3rd Avenue in East Harlem.
The agreement offers a significant discount off the published rental rates. Apartments range from one- to three-bedrooms. All rental agreements are for a period of 26 months. A four-tiered discount schedule is as follows:
- Discount #1: Rent before November 15, 2009 and receive 15% off published rates plus 4 ½ months free rent in months 1, 8, 16, 24, and half of month 26.
- Discount #2: Rent between November 15, 2009 and November 30, 2009 and receive 15% off published rates plus 2 ½ months free rent in months 1, 13, and half of month 26.
- Discount #3: Rent between December 1, 2009 and December 31, 2009 and receive 15% off published rates.
- Discount #4: Rent January 1, 2010 and thereafter and receive 1 month free rent per year of the lease in months 1 and 13.
A document detailing the discounted rates is attached. All rental rates shown, discounted or not, are strictly for illustrative purposes. Please note that the building and the apartments are fully owned and operated by the development company and not by Hunter College. Hunter College is not party to nor a co-signer on any lease at this building. Please also note that most utilities, including heat, gas, and electric, are NOT included in the base rent, and will be the responsibility of the tenant.
Attached you will also find a schedule of all published (non-discounted) rental rates.
Beginning immediately your faculty and staff are invited to take advantage of reduced rents in a new apartment building on 119th Street and 3rd Avenue in East Harlem, directly across the street from the new site of Hunter's School of Social Work and the CUNY School of Public Health.
Additionally, the developer would like to organize a facility tour and luncheon for community representatives sometime within the next 2 weeks. Members of the CUNY community who are interested in seeing the apartments and amenities at 119th Street and 3rd Avenue, have any questions, or would like a copy of the developer’s lease agreement and lease rider should contact David Elliott in the Office of Hunter’s Chief Operating Officer. David can be reached at (212)396-6425 or email@example.com.
Jennifer J. Raab