State used sampling method to set new base rent for studio improperly deregulated under luxury decontrol. The owner of a rental building at 160 East 84th Street, Manhattan, took advantage of the luxury decontrol provisions of the Rent Stabilization Law to deregulate a studio apartment. Subsequently, the New York Court of Appeals ruled that buildings like 160 East 84th Street were ineligible to take advantage of luxury decontrol because the building was also … <Read More>
Search Results for: Buildings
Owner Fined For Tenants’ Illegal Sublets
Tenants rented apartments for transient use without owner’s knowledge. Pamela Equities Corp. owns and operates a building with 94 apartments located at 132 East 45th Street, Manhattan. On October 23, 2014, the Department of Buildings served Pamela Equities with a notice of violation for illegal conversion of apartments 4G and 9C from permanent residences to transient use. Following a hearing, the Environmental Control Board imposed a civil penalty of $5,800 and an additional discretionary … <Read More>
Owner Wins Rent Stabilization Dispute
Tenants of a Tribeca high rise luxury rental building claimed protection of rent stabilization. Tenants of Tribeca House, a luxury rental residential building located at 50 Murray Street, Manhattan claimed that the owner of the building overcharged the tenants. Tribeca House, a twenty-one-story luxury loft apartment building, has 389 apartments comprised of studio, one, two, and three bedroom units.
Dead Vehicle Storage Violation Upheld
Property owner stored unregistered vehicles in residential area as part of his automotive hobby. On April 7, 2017, the Department of Buildings charged Juan Castillo, a property owner in an area zoned for residential use, with illegally operating an auto body mechanics shop in a garage on his premises, and with permitting the dead storage of vehicles.
City Seeks To Manage TV & Movie Shoots
City processes encourages the numerous movie and TV shows using New York City as a backdrop. New York City is currently experiencing a golden age of television and movie-making. The advantages to such a booming industry seem undoubtedly positive, but some argue that daily life can be marred by the constant displacement due to filming on local streets. Residents of specific communities claim that the negatives outweigh the positives when films use a particular location … <Read More>
421-a Property Tax Process Renewed
The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in … <Read More>