
Zara Reality is a staple of Jamaica, Queens, owning 38 buildings with over 2,500 rent stabilized apartments. Zara is also a lightening rod for attention, but not for the right reasons. As Jamaica slowly changes from an affordable bastion into a neighborhood of an expanding vertical footprint, rising rents and property values are becoming an increasing concern. Making life miserable for tenants usually accompanies expanding rents, and is a main accusation in a lawsuit announced today by the New York State Attorney General and DHCR’s Tenant Protection Unit.