New York Multifamily Rent Regulation: In the Shadow of Stuyvesant Town & Andrew Cuomo

May 31, 2010 by Neil · 2 Comments 

“The Lord giveth, and the Lord taketh away.” -Job 1:21 Governor David Paterson now tries to giveth and take away from New York multifamily owners. Currently, rent-regulated apartment units in New York City can be removed from regulatory clutches once the … Read More

The Arithmetic Behind Helping Poor Apartment Building Residents…and Stuyvesant Town

February 23, 2010 by Neil · 4 Comments 

Last week, we posted about NY State Sen. Pedro Espada’s proposed bill to provide a 10-year rent freeze for families earning less than $45,000 a year. Revenue for this ambitious program would come from owners who returned their J-51 tax … Read More

Poor New York City Apartment Building Residents…and Stuyvesant Town

February 18, 2010 by Neil · 1 Comment 

NY State Senate leader Pedro Espada has proposed a bill that would provide a 10-year rent freeze for families earning less than $45,000 a year. Depending on whether you own or rent, your reaction may be one or more of the following questions: … Read More

How Has Stuyvesant Town Affected Harlem Apartment Buildings?

January 21, 2010 by Neil · Leave a Comment 

A group of tenants at Lenox Terrace, an apartment complex in Harlem, filed a lawsuit against the apartment complex’s ownership, a partnership lead by the Olnick Organization. The tenants claim that the owner illegally raised rents at the six-building Harlem … Read More