A lawsuit filed today alleges the Moinian Group improperly charged market-rate rents at a FiDi tower while receiving tax benefits. At 90 Washington Street, where the Moinian Group holds the ground lease, tenant Chad Vignola alleges that he and as many as 500 others were not provided with rent-regulated leases, despite the landlord getting a tax break known as 421-g. The complaint argues the tenants are entitled to monetary damages, interest, and at least $500,000
source https://therealdeal.com/2020/02/25/moinian-sued-for-charging-market-rate-rents-despite-tax-break/
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