Bianca Jagger back rent bill set at $700K

TRD New York /
Jul.July 28, 2010 06:00 PM

Bianca Jagger and 530 Park Avenue

Mick Jagger’s ex-wife Bianca must pay more than $700,000 in back rent,
interest and attorneys fees following a long rent dispute at her
two-bedroom rent-stabilized apartment at 530 Park Avenue in Lenox Hill,
according to court records.

The amount she owes, $708,600, is far above an estimate of $440,000 made five months ago.

Jagger battled the former owner Katz Park Avenue — at the 19-story
property for five years after the landlord notified her in November
2003 that it would not renew her lease for the 1,547-square foot unit
18D she had held since 1988.

Bianca, a citizen and resident of Britain, owes more than $246,000 in
back payments for unpaid rent between March 2005 and December 2007,
court records filed July 23 show. She also owes nearly $344,000 in attorneys’ fees and $108,000 in interest on unpaid rent, court records show.

The landlord filed suit in New York State Supreme Court in 2005 to evict her from the unit, and in December 2007 she was removed, in part because she lived in the United States on a tourist visa so was not protected by rent-stabilization laws.

In October The Following Year An Appellate Court ruled she must pay
back rent and other fees. The ruling last week by a special referee of
the court set the precise amount she owed.

The landlord Katz Park Avenue sold the 183-apartment property in July 2007 to the current owner, an affiliate of BlackRock Realty Advisors for $211 million, city records show.

She has paid an estimated $300,000 into an escrow fund, Jeffrey
Goldman, an attorney with Belkin Burden Wenig & Goldman,
representing the property owner, said. But the landlord will try and
recover the full amount owed.
“The owners intend to pursue Ms. Jagger wherever she is to collect on
the judgment,” he said.

Attorneys for Jagger did not respond to requests for comment.

The charge for Jagger’s back rent was not calculated by what she was
paying as a rent-stabilized tenant, but instead was derived from the
fair market value that could have been obtained, the decision by
special referee Howard Leventhal said. He said in his decision that was
a standard interpretation of the law.

Jonathan Miller, president and CEO of residential appraisal firm Miller
Samuel, provided expert testimony May 4 about the value of the lease
between 2005 and 2007.

Miller estimated that the fair market value for the apartment between
March 2005 and February 2007 would have been $6,832 per month and from
March 2007 to December 2007 would have been $8,250 per month.

Jagger did not appear at any of the court proceedings held to determine
damages, despite a request to postpone a February court date so that
Jagger, who her lawyer said was sick, could make it to court.

 

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