Tag: Rent Stabilization
On Wednesday, Daniel Melamed, owner of 1578 Union Street, a residential building in Crown Heights, became the first landlord arrested by the task force convened by Mayor Bill de Blasio and New York State Attorney General Eric Schneiderman. The task force is going landlords who harass and threaten their rent-stabilized tenants in attempts to force […]
The Associated Press reports on a shady industry that has popped up as part of New York City’s affordable housing crisis, where landlords hire “tenant relocation specialists” to intimidate rent-stabilized tenants into moving out so the landlords can rent the apartments at market rate. Market rate in some neighborhoods has increased by 90% since 2002, […]
Rory Denis has lived at 338 E. 6th St. for 44 years and he’s not leaving now, despite his landlord’s pleas. “He’s just trying to stop the inevitable,” says Esteban Vazquez, the contractor in charge of renovating the building. “I was born here, I’ll die here,” Denis tells the Post. “My yellow toenails are going to be embedded […]
Since New York’s Rent Guidelines Board approved a dramatically low increase on rent stabilized apartments (1 percent increase on one-year leases and a 2.75 percent increase on two-year leases), landlords are doing everything they can to create vacancies that will allow them to raise the prices for new, incoming tenants. Traditionally, this has been accomplished through “buy outs” — […]
