Landlord not responsible for more than four years of overcharged rent. On August 16, 2018, the Appellate Division for the First Department held that the landlord for 27 West 96th Street in Manhattan did not engage in a fraudulent scheme to evade the Rent Stabilization Law and therefore the New York State Division of Housing and Community Renewal (DHCR) had miscalculated the amount of overcharged rent that was due back to tenants.
Search Results for: J-51 Tax Benefits
Owner Faulted on Luxury Decontrol of East Village Apartment
East Village landlord improperly deregulated luxury apartment while receiving a City J-51 tax benefit. Until 1999, apartment 5M at 187 East 4th Street in Manhattan’s East Village was a rent-stabilized unit with a rent of $1,464 per month. When the apartment became vacant the owner, 72A Realty Associates L.P., installed new windows, closets, cabinets, countertops and other improvements totaling over $18,000 in costs. Based on the improvements, the owner obtained a J-51 real property tax … <Read More>
Stuy Town Tenants’ Claims Dismissed
Tenants at Stuyvesant Town and Peter Cooper Village claimed that owners covered by rent regulations. Tenants of Stuyvesant Town and Peter Cooper Village sued property owner PCV ST Owner LP and general partner Tishman Speyer Properties, seeking damages for rent overcharges and a declaration that rent regulation should continue as long as the property owner received J-51 tax benefits. The tenants alleged that the owner had deregulated more than 25% of the units … <Read More>