Owners put rehabs on hold
New York City’s biggest landlord has stopped apartment renovations at the giant Stuy Town apartment complex as it weighs the impact of new rent laws
Tag : rent stabilization
RGB report shows small building owners buckling under cost weight
By Jackson Chen The city’s property owners are feeling the squeeze of increasing operating costs and proposed legislation. According to the city’s Rent Guidelines Board,
Supreme Court ruling secures J-51 tax breaks for mod rehabs
The state Supreme Court has protected the right for rent-stabilized landlords to get tax benefits in exchange for capital improvements, regardless of their property values.
Non-payment proceedings a need-to-know business
By Martin Meltzer, partner, BBWG Often, clients ask us to start non-payment proceedings against tenants who reside in apartments subject to rent stabilization, or apartments