N Y C Stuyvesant Town And Peter Cooper Village Rent Regulation Decision Slams Owners
Tenants in Manhattan’s Stuyvesant Town (inset, left) and Peter Cooper Village rent regulated apartments (inset, right) won a legal victory today from New York’s Court of Appeals, the state’s highest court. Upholding a 2007 appellate court ruling that landlords who receive a special J-51 tax abatement forfeit the right to further remove apartments from rent regulation by luxury decontrol proceedings, the Court of Appeals declined to give apartment owners a legal ’twofer....