You make updates and renovations to your New York City property. Then you slap your tenants with appreciably higher rents. That’s not the way that New York City’s J-51 tax abatement program is intended to work. Rather, the tax breaks passed along to participating landlords…
Data exist to mark and lend understanding of the turnover rate in the legions of rent-stabilized buildings across New York City. When one complex features notably higher-than-average departures, it can be telling evidence of unusual — even abnormal – circumstances. Consider the story surrounding the…
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