From left: 17 Stuyvesant Street, 155 East 31st Street and 145 East 16th Street (credit: PropertyShark)

A group of landlords that include Ogden Cap Properties and the estate of Sol Goldman has moved to dismiss a wide-ranging class action from three Manhattan tenants, who sued to collect rent refunds for the time their buildings were uninhabitable following Hurricane Sandy. [more]

From left: 145 East 16th Street, 155 East 31st Street and 17 Stuyvesant Street (credit: PropertyShark)

Three young Manhattanites have launched a proposed class action on behalf of all New York State tenants who paid rent in the aftermath of Hurricane Sandy — when many apartment dwellers were left without electricity, heat, hot water and elevator service — and are allegedly owed refunds. Though the suit ultimately seeks to hold hundreds of landlords and property management companies accountable, the initial defendants are the Milstein family’s Ogden Cap Properties, the estate of Sol Goldman and the owner of an East Village property. [more]

Broker’s fees are increasingly falling back into the hands of renters, according to the Wall Street Journal, with at least three major Manhattan landlords ending their recession policies of picking up the tab out of desperation to fill their empty units. Ogden CAP Properties, which owns Normandie Court on East 95th Street and One Lincoln Plaza on West 64th Street, said it would stop paying the fees, which usually amount to one month’s rent, in those buildings. The rental arm of the Related Companies, which has around 5,000 apartment units in the city, and large apartment owner Pan Am Equities each plan to stop covering broker’s fees at the end of the month in response to better-than-expected vacancy rates and an overall strengthening of the market. [WSJ]

… [more]

Broker’s fees are increasingly falling back into the hands of renters, according to the Wall Street Journal, with at least three major Manhattan landlords ending their recession policies of picking up the tab out of desperation to fill their empty units. Ogden CAP Properties, which owns Normandie Court on East 95th Street and One Lincoln Plaza on West 64th Street, said it would stop paying the fees, which usually amount to one month’s rent, in those buildings. The rental arm of the Related Companies, which has around 5,000 apartment units in the city, and large apartment owner Pan Am Equities each plan to stop covering broker’s fees at the end of the month in response to better-than-expected vacancy rates and an overall strengthening of the market. [WSJ]

… [more]