Mann Realty to pay $877K, prorate rent for overcharging tenant

UWS man will pay under $800 a month for his CPW pad

TRD New York /
Jan.January 08, 2016 10:02 AM

Maurice Mann’s Mann Realty was ordered to pay hefty compensation to one of its Upper West Side tenants after a judge ruled they’d overcharged him for years.

Lane Altschuler, a resident of 478 Central Park West, will receive a $877,000 refund and have his $3,750-a-month rent reduced to below $800 a month.

The construction supervisor argued that his apartment was illegally removed from rent stabilization. His decision to sue was prompted by a 2009 state appeals court ruling that found landlords can’t remove apartments from rent regulation at buildings receiving tax subsidies, the New York Post reported.

Mann received $310,000 in J-51 tax benefits when it created 26 new condo units at the building, beginning in 2012.

The damages were equal to three times the amount Mann was found to have overcharged.

The extreme penalties that the appellate court has now upheld, without any trial, are “unprecedented,” Magda Cruz, Mann’s lawyer, told the Post.

“The owner in this case is like thousands of other owners throughout New York City who had rented their vacated apartments in reliance upon the interpretation of the luxury deregulation law prior to Roberts,” she added, referring to the 2009 ruling. [NYP]Ariel Stulberg


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Realogy CEO Ryan Schneider

Realogy boss on cost-cutting, the competitive landscape and what to look for in 2020

Softbank CEO Masayoshi Son and Goldman Sachs CEO David Solomon (Credit: Getty Images)

Goldman Sachs will lead Phase II of SoftBank’s WeWork rescue plan

The Obamas and 79 Turkeyland Cove Road (Credit: Getty Images, Zillow)

Post-presidential pads: After the White House, what comes next?

Former HFZ Capital Group executuve John Simonlaca (Credit: HFZ, iStock)

Meet the HFZ exec accused of taking mob bribes

(Credit: iStock)

Real estate industry decries anti-Semitic remarks recorded at DOB

arrow_forward_ios