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Citing new rent law, building buyer wants money back

Citing new rent law, building buyer wants money back

The buyer of a Murray Hill building wants his money back because of the new rent law. An LLC owned by Manoucher “Manny” Malekan has filed a state lawsuit seeking its $668,000 down payment back from the owner of 148-150 East 28th Street, a multifamily, mixed-use building. The complaint cites the June passage of the Housing Stability and Tenant Protection Act of 2019, which limited rent increases…

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