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>
Search Results for: Rent Stabilization
Building owner faulted for not clearing vacate order
Rent-stabilized tenant had been forcibly removed from apartment after structural weakness was discovered. After receiving complaints that 223 East 96th Street was shaking, an HPD inspector observed cracks in the rear wall caused by construction taking place on the building next door. In August 2004, the Department of Buildings determined that the building was unsafe and issued a vacate order. Police and firefighters forcibly removed Thelma Farrell, an 81-year old, rent -stabilized tenant from her … <Read More>