A tenant at a Tishman Speyer development in Long Island City is suing the developer, claiming it violated rent stabilization regulations tied to the now-defunct 421a tax break. Housing Rights Initiative filed the lawsuit alongside the 28-10 Jackson Avenue tenant, the Commercial Observer reported. Only one tenant was involved at the time of filing, but a judge class certified the lawsuit this week, potentially clearing the way for more tenants to join the lawsuit. The
Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, long island city, Real Estate Lawsuits, Rent stabilization, Rental Market, tishman speyer The Real Deal New York Read More