Attorney General Settles with Developer for Concealing Prohibited Rent-Controlled Tenant Buyouts

Upper West Side developer must pay $540,000 dollars in settlement costs. On June 6, 2016 New York State Attorney General Eric Schneiderman announced reaching a settlement for $540,000 with 165 West 91st Street Holdings, LLC for the loss of two rent-controlled apartments in an Upper West Side building, while it was being converted into a condominium, as a result of prohibited agreements to buy-out tenancy rights. The LLC owns an apartment building at 165 <Read More>

Manhattan Developer Pays $4.7 Million in Tax Evasion Settlement

Attorney General Schneiderman found the developer was operating a building as an illegal hotel while receiving a 421-a property tax exemption. On February 26, 2015 New York State Attorney-General Eric Schneiderman announced reaching a settlement with 47 East 34th Street LP over illegally evading New York property taxes. The LP owns an apartment building at 47 East 34th Street in Manhattan which is exempt from property tax under the 421-a program, however the Attorney General’s … <Read More>