New York City property owners know all too well how costly and difficult the COVID-19 pandemic was for many in the industry. Considering the double-whammy of inflation that swiftly followed, the financial toll has been a struggle for some. Preliminary rates set Now,...
Rent Stabilization
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NYC considering commercial rent regulation in small business leases
Originally introduced in 2019, a bill that would bring commercial rent control is again before the New York City Council. Rent control for business properties was in effect in New York City from World War II through 1963, but not reinstated since then. Key aspects of...
Judge Upholds Judgment of Ejectment
Borah, Goldstein, Altschuler, Nahins & Goidel, P.C obtained a favorable ruling for a client seeking to recover possession of rent-stabilized apartment. The court found that the tenant had no reasonable excuse for his default in the ejectment action. The...