New York – Officials say more than 1,800 apartments in New York City have been returned to rent stabilization.
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The announcement was made Thursday by state Attorney General Eric Schneiderman, Gov. Andrew Cuomo and Mayor Bill de Blasio.
They say 128 landlords who benefit from the New York Real Property Tax Law are now registering 1,823 market-rate apartments as rent-stabilized.
Schneiderman says landlords who accept tax incentives must “follow through on their end of the bargain” and offer rent-regulated leases to their tenants.
Cuomo says it’s part of an effort to prevent “rent gouging.”
Officials say recent settlements include a landlord who owned 134 apartments in 10 Brooklyn buildings through 10 “shell entities.”
They’re going after another 52 landlords accused of denying tenants rent-stabilized leases.
And re taxes,sewer ,water ,elec ,& gas have been reduced for the landlords as well !!!!!
Let’s not feel too bad for these landlords. They were more than eager to accept real estate tax abatements and increases based on capital improvements, but knowingly decided to try their luck at illegally destabilizing the apartments described in the article. They were lucky that they were not subjected to treble damages as provided under the law.
real estate is not more than speculation, the ideal is for all real estate to be under NYCHA so it can me accessible to all.