Quick Property Flips
For Kenyatta Johnson Ally
N
76
MILES
In August, Felton Hayman, a childhood friend of City Councilman Kenyatta Johnson, purchased three vacant lots in the rapidly gentrifying Point Breeze neighborhood within Johnson’s Council district at far below market value.
0
1/4
SOUTHWEST
CENTER CITY
SCHUYLKILL
When Hayman notified the city in 2014 of his interest in buying the lots, Philadelphia’s policy called for open bidding if there was more than one expression of interest in a property.
A document from the city’s Vacant Property Review Committee stated that there had
been only one expression of interest (EOI)
for the lots. In fact, there were 16. The city attributed the mistake to “human error”
by a clerk.
1200 S. Bucknell St.
2040
Titan St.
Wharton
Square
Playground
2046 Titan St.
One month later, Hayman sold the two Titan Street properties that he bought from the city for $65,000 to another builder for $230,000, netting $165,000.
POINT BREEZE
JOHN DUCHNESKIE / Staff Artist
Quick Property Flips
For Kenyatta Johnson Ally
In August, Felton Hayman, a childhood friend of City Councilman Kenyatta Johnson, purchased three vacant lots in the rapidly gentrifying Point Breeze neighborhood within Johnson’s Council district at far below market value.
When Hayman notified the city in 2014 of his interest in buying the lots, Philadelphia’s policy called for open bidding if there was more than one expression of interest in a property. A document from the city’s Vacant Property Review Committee stated that there had been only one expression of interest (EOI) for the lots. In fact, there were 16. The city attributed the mistake to “human error” by a clerk.
One month later, Hayman sold the two Titan Street properties that he bought from the city for $65,000 to another builder for $230,000, netting $165,000.
N
76
MILES
0
1/4
SCHUYLKILL
SOUTHWEST
CENTER CITY
1200 S. Bucknell St.
2040
Titan St.
Wharton
Square
Playground
2046 Titan St.
POINT BREEZE
JOHN DUCHNESKIE / Staff Artist