T
he Quail Ridge apartments, a long-standing refuge from skyrocketing South Fork rents, has been sold to developers who plan to raze the complex and build condominiums. Residents have been given a reprieve, with at least one more year of occupancy guaranteed, but will face rent hikes exceeding double their current rates in some cases.
For years, Quail Ridge residents have enjoyed a rare respite from the frenzied real estate market on New York's South Fork, where affordable housing options are scarce. The impending redevelopment marks a significant shift for these long-time residents, who will soon be forced to confront the harsh realities of the local rental landscape.
