Stellar Management overcharged tenants with unjustified renovation costs, judge says

Manhattan landlord Stellar Management overcharged tenants based on unsubstantiated apartment renovation costs, a housing court judge ruled in a two-year old eviction case last month. Judge Sabrina Kraus said Stellar gave the impression that it paid a contractor $71,000 for Individual Apartment Improvements (IAIs) at a rent-stabilized Upper West Side building when it in fact hired an in-house employee to do the work, allegedly writing checks to three different shell companies that were controlled by […]

source https://therealdeal.com/2019/02/07/stellar-management-overcharged-tenants-with-unjustified-renovation-costs-judge-says/