Stuy Town tenants score major win to keep apartments stabilized – Robert Khodadadian

, Stuy Town tenants score major win to keep apartments stabilized – Robert Khodadadian, Robert Khodadadian

Stuy Town tenants emerged victorious Friday, which could upend landlords’ plans to deregulate scores of other apartments in the city. A state court judge ruled in favor of residents of the complex, who argued that changes to New York’s rent law in 2019 barred the owner, the Blackstone Group, from deregulating some 6,200 apartments. Blackstone claimed that previous court settlements and agreements with the city allowed the apartments to be taken out of regulation once

 Stuy Town tenants emerged victorious Friday, which could upend landlords’ plans to deregulate scores of other apartments in the city. A state court judge ruled in favor of residents of the complex, who argued that changes to New York’s rent law in 2019 barred the owner, the Blackstone Group, from deregulating some 6,200 apartments. Blackstone claimed that previous court settlements and agreements with the city allowed the apartments to be taken out of regulation once
The post Stuy Town tenants score major win to keep apartments stabilized appeared first on New York.  Home Page, Politics, Blackstone Group, real estate litigation, Rent stabilization, Residential Real Estate, Stuy Town The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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