The de Blasio administration said it had already started “active discussions” with lenders and the tenants “in the hopes of reaching a joint agreement.”
“Stuy Town and Peter Cooper Village are critical bulwarks of affordability for middle class families,” Deputy Mayor Alicia Glen said in a statement. “Our housing plan emphasizes preservation, and with so many affordable units at risk in these developments, the stakes are too high to be hands off.”
It is unlikely that Mr. de Blasio could stop a sale, but few buyers are going to want to antagonize a mayor with whom they will have to deal again and again, Mr. LeFrak said. Mr. de Blasio could be helpful to a bidder working with the tenants’ association, or one who promises to preserve a significant block of apartments for middle-income residents.