Tenants at Harlem’s Lenox Terrace — at 132nd through 135th streets between Lenox and Fifth avenues — have accused their landlord of illegally deregulating rents at the six-building complex while receiving J-51 tax breaks from the city, in a suit with strong echoes of last year’s tenant-led lawsuit at Stuyvesant Town. The landlord, a partnership led by the Olnick Organization, could owe anywhere from $400,000 to $6 million in rent overcharges, according to David Hersey-Webb, an attorney with Himmelstein McConnell Gribben Donoghue & Joseph, which filed the suit with Emery Celli Brinckerhoff & Abady. The two firms also filed a similar suit in November against the landlord at Chelsea’s London Terrace. Tenants in the estimated 200 to 300 apartments affected stand to gain $2,000 to $30,000 from a favorable ruling, Hershey-Webb said. Two of the buildings are still receiving the J-51 tax abatement, which expire in the other four buildings in 2008. Lenox Terrace counts Governor David Paterson and Congressman Charles Rangel as residents, though Rangel’s apartments are thought to still be rent-stabilized, and thus not affected by the suit. [Crain’s]
the real deal by email
news by neighborhood
New Jersey
Bronx
Long Island
Queens
Other Brooklyn Neighborhoods
Kensington / Windsor Terrace / Ditmas Park
Staten Island
Red Hook / Gowanus
Boerum Hill / Cobble Hill / Carroll Gardens
Park Slope / Prospect Heights
Bed-Stuy / Bushwick
Fort Greene / Clinton Hill
Dumbo / Brooklyn Heights / Downtown
Williamsburg / Greenpoint
Lower Manhattan
East Village / Lower East Side
Tribeca / Soho
West / Greenwich Village
Murray Hill / Gramercy
Chelsea
Far West Side
Midtown
Upper West Side
Central Park
Upper East Side
Harlem
Inwood / Washington Heights
TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

