Tenants at the Castle, an apartment complex in East Orange, could see the rental rate double to over $4,000 a month.
Eighteen families living in the building are now holding out hope that the rent control board will cancel that plan, which has been suggested by a court-appointed receiver who took control of the property after it went into foreclosure.
That receiver is with Catalyst Property Solutions. It says the building will be shut down if the rent hike isn’t approved for the 18 families targeted…