The owner of Lenox Terrace — a partnership led by the Olnick Organization — has agreed to pay nearly $1.2 million to tenants in order to settle decade-old claims that the landlord wrongfully deregulated apartments while receiving a tax break. The landlord settled a class action lawsuit filed by tenants in 2010, which alleged that apartments in the six-building complex were wrongfully deregulated while the owner received a J-51 tax break, according to an order
source https://therealdeal.com/2020/08/03/olnick-reaches-1-2m-settlement-with-lenox-terrace-tenants-in-rent-overcharge-case/
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