Wednesday, 18 December 2019

Lawsuit: Big landlord owes back rent after taking tax break

A lawsuit alleges that the owner of 63 Wall Street charged market-rate rents for hundreds of units despite receiving tax benefits that — according to a recent court ruling — required it to offer rent-regulated leases. Rockpoint Group, the owner of 63 and 67 Wall Street in the Financial District, under the 421g program, got a break on property taxes for 14 years. All of the units should have been covered under rent stabilization, according



source https://therealdeal.com/2019/12/18/lawsuit-big-landlord-owes-back-rent-after-taking-tax-break/

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