Friday, 6 March 2020

City sides with tenants at Stuy Town in case against Blackstone

New York City is siding with Stuyvesant Town tenants in their challenge against their landlord, Blackstone, while industry pros are puzzling over the potential consequences. Yesterday, Stuyvesant Town and Peter Cooper Village tenants sued private equity firm Blackstone to prevent the deregulation of thousands of rent-stabilized units when their leases start expiring in July. The plaintiffs say 6,200 apartments in Stuyvesant Town–Peter Cooper Village could be deregulated, and argue the rent law passed by the



source https://therealdeal.com/2020/03/06/city-sides-with-tenants-at-stuy-town-in-case-against-blackstone/

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