The property tax break known as 421a may have lapsed, but the legal battles it has long-inspired will continue. In the latest salvo, Lower East Side tenant Charles Abbate claims landlord L+M Development Partners “hoodwinked” both him and state housing authorities by imposing a rent increase far beyond the legal limit on his regulated apartment at 180 Broome Street. The complaint, filed in state Supreme Court this week, alleges that after receiving tax benefits under
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. Home Page, Residential Real Estate, 421a, Affordable Housing, Real Estate Lawsuits, Rental Market, taxes The Real Deal New York Read More