Building Receiving 421-g Tax Benefits Not Subject to Luxury Deregulation

LVT Number: #30206

Tenants in a building that received Real Property Tax Law (RPTL) 421-g tax benefits sued landlord, and asked the court to declare that they were rent stabilized. The court ruled for tenants. Landlord appealed, and the lower court decision was reversed. Tenants then appealed to New York's highest court and won.

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Kuzmich v. 50 Murray Street Acquisition LLC: 2019 NY Slip Op 05057 (Ct. App.; 6/25/19; Stein, Rivera, Fahey, Garcia, Wilson, Feinman, JJ; DiFiore, CJ [dissent])