Thursday, 5 March 2020

Stuy Town tenants sue Blackstone to stop rent hikes this summer

Tenants at Stuyvesant Town and Peter Cooper Village are suing to block Blackstone, the world’s largest commercial landlord, from deregulating thousands of apartments at the massive complexes after a regulatory agreement expires this year. The lawsuit against Blackstone, New York City and the state seeks to prevent some 6,000 apartments from being deregulated and subject to rent increases starting in July. A spokesperson for the state’s regulator of rent-stabilized housing, Homes and Community Renewal, declined



source https://therealdeal.com/2020/03/05/stuy-town-tenants-sue-blackstone-to-stop-rent-hikes-expected-this-summer/

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