Lawmakers are about to duke it out over a little section of the tax code with a really big impact on how housing gets built and paid for in New York. It’s a tax break dubbed 421-a, and if you’re an apartment-dweller here, those numbers and letters may not mean much to you. But the […]
421-G
Posted inManhattan
Wall Street Rent Fight Spurs New Class-Action Suit as Landlord Seeks SCOTUS Help
Sign up for “THE CITY Scoop,” our daily newsletter where we send you stories like this first thing in the morning. More downtown tenants are going to court to recoup what they say are years of rent overcharges, even as one landlord is asking the U.S. Supreme Court to take owners’ side in the fight. […]
Posted inManhattan
Landlord Looks to Supreme Court in Downtown Rent Overcharge Fight
Sign up for “THE CITY Scoop,” our daily newsletter where we send you stories like this first thing in the morning. They’re making a federal case out of it. A downtown Manhattan landlord is taking a tenant fight to the U.S. Supreme Court — asking the nation’s highest tribunal to consider ruling against rent regulation […]
Posted inManhattan
Lower Manhattan Tenants Sue for Refunds Over Landlord Tax Break Abuse
Sign up for “THE CITY Scoop,” our daily newsletter where we send you stories like this first thing in the morning. A Financial District couple who discovered their apartment should have been rent regulated in exchange for a landlord tax break filed a class-action lawsuit Friday seeking rent reductions and refunds. Bruce Hackney and Tim […]
Posted inHousing
Downtown Tenants and Landlords Skirmish Over Rent Reset
After 12 years in the same building, Bruce Hackney and Tim Smith thought it was finally time to move on. Steep rent increases in the years after a 2011 ownership change at their downtown complex, 10 Hanover Square, made the writing on the wall clear: Their $4,700 one-bedroom that had always cost the art industry […]
Posted inManhattan
More Tenants Fighting for Back Rent After Downtown Ruling
After a key rent-stabilization ruling, tenants in Lower Manhattan are on their way to getting years of back rent — and more residents are preparing to go to court to seek what they’re owed. A judge on Monday set an October date for tenants of 50 Murray St. to meet with a court-appointed referee to […]
Posted inManhattan
Tenants of 6,000 Downtown Apartments May Be Owed Back Rent
Thousands of renters in Lower Manhattan should have had stabilized leases and may be owed years of back rent, according to a recent court ruling — but few know it. Those who do have been waging a legal battle over a rent-stabilization deal that was not applied or enforced for years. Renters in two buildings […]