Crackdown on Landlords Uncovers 2,400 Units Soon to Become Rent Regulated
(DNAINFO) Amy Zimmer — Nearly 200 building owners across the city who took hefty tax breaks under the state’s 421-a program without fulfilling the law’s rent-regulation requirements received notices from the state putting them on alert this week.
The tenants in roughly 2,400 units — in buildings that were originally planned as condos but went rental because of the 2008 market crash — are entitled to rent-regulated leases that are subject to rules regarding, for instance, annual leases that have limits on how much rents can be raised each year.
Greenpoint, Williamsburg and Astoria are among the areas with the highest concentration of these buildings, according to maps released by the Attorney General’s office. (See here andhere.)