A Brooklyn landlord is trying to back out of a contract to buy two Bronx apartment buildings, arguing that the “cataclysmic” changes to New York’s rent law make the deal impossible to complete. An entity tied to J. Wasser & Company and Martin Templer filed a lawsuit seeking to cancel its contract to buy 465 East 167th Street and 1178 Washington Avenue, which collectively have 38 rent-stabilized units. The complaint, filed in state Supreme Court […]
source https://therealdeal.com/2019/07/16/with-new-rent-law-brooklyn-landlord-sues-to-escape-contract-for-rent-stabilized-buildings/
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