Search Results for: Rent stabilized apartments

Tenant Wins New Lower Base Rent

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>

City Mandatory Rental Terms Violated State Law

Rental Assistance program sought to establish lease renewal and limit rent increases based on rent stabilization regulations. In 2015, prospective tenants Regina Alston and Sandra Vaughn-Cooke inquired about apartment vacancies at Spring Creek Towers. Starrett City, Inc. owns Spring Creek Towers, located in the East New York neighborhood in Brooklyn. Spring Creek Towers is an apartment complex with 5,881 apartments. Alston and Vaughn-Cooke both had Living in Communities (LINC) rental vouchers. Starrett City, Inc. … <Read More>

Mayor Signs Legislation To Extend Rent-Stabilization Laws

Due to City’s low vacancy rate, rent stabilization laws have been extended. On March 27, 2018, Mayor Bill de Blasio signed legislation to extend rent regulation laws for the next three years. The laws will remain in effect until April 1, 2021. State rent stabilization laws continue to be effective when the vacancy rate is below 5%. The City’s vacancy rates are determined and measured by the Housing and Vacancy Survey, which is conducted every … <Read More>

Converted Commercial Building Exempt from Rent Stabilization

Bedford-Stuyvesant developer converted commercial building into residential apartments. 885 Park Avenue Brooklyn LLC owned a commercial building located in the Bedford-Stuyvesant neighborhood of Brooklyn that had been used solely for commercial purposes. Beginning in 1999, 885 Park converted the building into 23 new residential units. The conversion was completed in 2003. In 2011, Daniel Goddard signed a one-year market-rate lease with 885 Park.

Zero Percent Rent Increase in 2016 Upheld

Landlord’s association challenged the Rent Guidelines Board’s 2016 decision to authorize a zero percent increase for one year leases. On June 27, 2016, the New York City Rent Guidelines Board promulgated the annual guidelines for rent adjustments for rent stabilized apartments. The Board allowed no increase in rent for one year renewal leases and a two percent increase for two year renewals.