The notorious Podolsky brothers are still collecting millions to house the homeless after selling 21 buildings to the city for $173.5 million — $30 million over the appraised value.
Records show that Jay and Stuart Podolsky pulled in $188.7 million for leasing their numerous properties over the last five years.
And the cash is still rolling in.
Even after unloading the 21 properties at a premium price, they still own seven others in a second program for the homeless that rakes in millions.
But city officials told The Post Thursday that they plan to pull the plug on the entire operation by the end of 2020.
“As we continue our shelter transformation plan, we are phasing out all of their remaining shelter locations by the end of next year,” said Department of Homeless Services spokesman Isaac McGinn.
The Podolskys scored big profits by supplying shelter space to the city under two lucrative programs: traditional shelters and “cluster” apartments.
City Hall’s purchase of the 21 apartment buildings in Brooklyn and the Bronx bought out the Podolskys’ clusters, which pulled in $48.6 million between July 2013 and June 2018.
The brothers also separately leased eight buildings as traditional shelters, which made even more money — $140.1 million over the same period.
Officials told The Post they closed one of the traditional shelters located in Podolsky buildings in December as part of the phase-out of all their properties, cutting the number to seven.
DHS never directly contracted with the Podolskys. Instead, they signed deals with nonprofits that rented space in the brothers’ buildings and then billed the city for reimbursement.
The arrangement obscured just how much city money flowed to the landlords for years.
The Podolskys and their father, Zenek, pleaded guilty in 1986 to dozens of felonies for allegedly installing hookers and drug dealers in three Upper West Side buildings they owned to push out tenants.
They were sentenced to five years probation, while Zenek spent 90 days in jail.
That sordid history came back to light after City Hall announced the deal for the problem-plagued buildings.
The scrutiny grew after The New York Times revealed that Brooklyn Democratic Party counsel Frank Carone represented the Podolskys.
City Comptroller Scott Stringer subpoenaed City Hall for records surrounding the deal last week.
Officials have defended the deal as part of a plan to eventually shut down the much-maligned cluster shelter program, which dates back to the Giuliani administration.
The city still operates about 1,350 cluster units, down from 3,650 at the program’s height in 2016.