Apartment Subject to Luxury Deregulation After J-51 Tax Benefits Expired

LVT Number: #29984

Landlord applied for high-rent/high-income deregulation of tenant's rent-stabilized apartment in 2016. Tenant's monthly rent was $2,500 or more, and landlord sought verification of whether tenant's annual household income was more than $200,000 in 2014 and 2015. The DRA ruled against landlord. The building had received J-51 tax benefits between 1999 and 2010. None of tenant's leases issued during that period included a rider stating that the apartment would be automatically deregulated when the J-51 benefits expired.

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Cenpark Realty LLC: DHCR Adm. Rev. Docket No. ER410042RO (1/18/19) [6-pg. doc.]