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A New York state appeals court recently ruled that a Manhattan apartment complex cannot retroactively give up tax incentives in order to deregulate rent-stabilized units. The unanimous ruling by the Appellate Division, First Department, held that London Terrace Gardens, a complex that includes nearly 1,000 apartments, cannot repay the benefits it received under the city's J-51 tax incentive program.
On Oct. 29, as winds from Hurricane Sandy reached its height, the facade of an apartment building in Chelsea tore away, exposing the apartments inside. The building had serious warning signs before the collapse, as fire trucks and emergency vehicles were present before the facade fell. According to the fire department, a call came in just before 8 p.m. Monday that debris was falling onto the sidewalk.
A 32-year tenant of a rent-stabilized apartment in the East Village recently won the right to stay in her $992-a-month apartment using what the Daily News dubbed a "sushi defense." The owner had been trying to evict her for six years based on nonprimary residence. If a rent-stabilized tenant spends more than half her time at another residence, she can be legally evicted.
According to the city Department of Buildings, new building permits in Manhattan are up 94 percent since the beginning of the year. And the jump in construction comes even as the cost to build reaches a rate almost on par with costs at the height of the building boom.
The final ruling has come down on the Rolling Stones frontman's ex-wife's rent-stabilized Park Avenue apartment. The state's appeals court ruled that Bianca Jagger will have to pay more than $600,000 in back rent. She had appealed an earlier ruling, but the courts have concluded that the apartment wasn't her primary residence. So she owes two years of market-rate rent and $343,827.36 in legal fees
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