This is such a mess, as per the Daily News’s Erin Durkin:
Shell-shocked tenants will have to pay as much as $1,100 more perm month — with as little as two weeks notice.
Now why do I think this will be another Stuyvesant Town lawsuit, on top of:
The tenants initially scored a legal coup in 2009 when the state’s highest court upheld a tenants lawsuit charging that thousands of apartments had been illegally removed from rent stabilization protections. A temporary agreement at the time forced then-owner Tishman Speyer to slash rents.
Personally, I wouldn’t want to enrage a huge number of lawsuit-experienced rent stabilized tenants, one of whom is City Councilman Daniel Garodnick — but hey, I’m not a wealthy bond holder.