Apartment Subject to Deregulation After J-51 Tax Benefits Expired
LVT Number: #29721
Landlord applied for high-rent/high-income deregulation of tenant's rent-stabilized apartment in 2012, claiming that tenant's legal rent was $2,500 per month or more, and seeking verification of tenant's household income for 2010 and 2011 to determine if the income was more than $200,000 for each of those years. The DRA ruled against landlord and dismissed the application, finding that the building had received J-51 benefits, now expired, and that tenant's leases didn't contain the J-51 rider required for automatic deregulation when the J-51 benefits expired.
56 7th Avenue, LLC: DHCR Adm. Rev. Docket No. DS410038RO (8/2/18) [7-pg. doc.]