As if the tenants of Peter Cooper Village and Stuyvesant Town didn’t already have enough weighing on them, a hedge fund has gone and added another wrench to the out of control financial situation surrounding the 110 building complex. The hedge fund in question, Appaloosa Management, carries a large portion of the debt accumulated by the sharp decrease in the value of the property, thanks to 2006 buyers Tishman Speyer and Black Rock Realty’s gross overestimation of their ability to deregulate rent stabilized apartments and raise the rents to market …
