Monday, 1 July 2019

A man stayed at the New Yorker Hotel for one night. Now, because of rent-stabilization, he says he owns it

Obscure rules surrounding rent-stabilized hotels have occasionally allowed savvy tenants to secure cheap rent for life. But one tenant now claims he had the legal right to take over an entire hotel — and for the moment, city property records agree. In late May, a certain Mickey Barreto filed deed documents with the Department of Finance transferring ownership of the New Yorker Hotel to his nonprofit, Mickey Barreto Missions, and began presenting himself to lenders, […]



source https://therealdeal.com/2019/07/01/a-man-stayed-at-the-new-yorker-hotel-for-one-night-now-because-of-rent-stabilization-he-says-he-owns-it/

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