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With interim rent agreement nearing end, Stuy Town rents could change

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Stuyvesant Town and City Council member Dan Garodnick

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Tenants at the 11,000-unit Stuyvesant Town and Peter Cooper Village housing complex could see a rent adjustment in the coming weeks, according to Crain’s, as new owner CW Capital attempts to determine the value of the rents and how much in back rent current residents are due. With an interim agreement on rents set to expire tomorrow, figuring out rates is a top priority, according to City Council member Dan Garodnick, who has worked with CW Capital and has been a chief advocate for Stuy Town tenants. “For CW, determining the rent roll is critical to determine the value of the property,” Garodnick said. “And for the tenants, settling this is important because they suffered harm, and they deserve to have restitution.” [Crain’s]

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CWCapitalDan GarodnickStuyvesant Town