Legal Test on Rent Regulation for Landlords

Thursday, September 10, 2009

The state's highest court will hear arguments today in a case that could result in hundreds of landlords owing thousands of tenants back rent. WNYC's Cindy Rodriguez reports.

REPORTER: At issue is whether the owners of Stuyvesant Town and Peter Cooper Village should have been allowed to raise rents, turning rent regulated apartments market rate, while receiving a so-called J-51 tax credit. A panel of appellate judges ruled the practice was illegal. The decision was appealed to the state's highest court. And a ruling could impact all landlords that have raised rents the same way. City Councilman Daniel Garodnick lives at Peter Cooper Village and says people are watching the outcome closely.

GARODNICK: Tenants believe that they were wronged and that these apartments should never have been taken out of the rent stabilization system.

REPORTER: A landlord group, the Rent Stabilization Association, has said the Stuytown tenants are well to do and don't need a windfall.

The court of appeals won't rule on the case for several months. In a written statement, owner Tishman Speyer says the lawsuit was originally dismissed and it's convinced that was the right decision. For WNYC, I'm Cindy Rodriguez.


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


Latest Newscast




WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public


Supported by