The Arithmetic Behind Helping Poor Apartment Building Residents…and Stuyvesant Town
February 23, 2010 by Neil · 3 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 proceeds in the wake of the Court of Appeals decision on Stuyvesant Town / [...]
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: (1) Are owners going to have to subsidize this proposed generosity? (2) Why not provide [...]
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 complex, which houses, among others, Gov. David Paterson and Congressman Charlie Rangel.
Since Rangel’s apartments are [...]
