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What Are Stuyvesant Town’s Repercussions in the Bronx in 2010?
January 9, 2010 by Neil · Leave a Comment
A dozen tenants at a troubled South Bronx building scored an initial victory last month in their case against their landlord Riverview Redevelopment Co., a subsidiary of Starrett Corp.
Riverview had been accused of illegally raising rents at the 383-unit, rent stabilized building located at 1600 Sedgwick Ave. and attempting to evict tenants for non-payment of the higher rents. In its ruling the New York State Supreme Court issued a preliminary injunction and ruled that Riverview must charge rent regulated rents.
The ruling cites the Stuyvesant Town and Peter Cooper Village case as precedent. In that case the court ruled that landlord Tishman Speyer had illegally deregulated apartments and raised rents while receiving tax breaks and exemptions from the city. Riverview collected more than $150,000 in similar tax breaks from the city since 2000, according to court filings.
Hat Tip: Crain’s, Bronx tenants win case citing Stuy Town, 1/5/10, Amanda Fung
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