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Posted by TenantNet on April 11, 1997 at 12:46:27:

In Reply to: Re: 200 East 72nd Street, Manhattan posted by Debralynn on April 11, 1997 at 12:34:55:

: :Dear Jeff,
: I happened to have lived in your building for 12 years and had a rent-stabilized lease. Because my apartment at the time I left was renting for 1,200 it still fell under the rent-stabilization guidelines. However, there were many apartments in the building that rented for over $2,000 & those
: apartments would be non-regulated at this time. Also, I do remember some
: sort of 421-A that the building might have fallen under, but I'm not too sure of what that means for the tenants; something like after 20 years the building becomes free market material? I moved in in 1979 so the building and was a first tenant so the building is approaching its 20th anniversary!

The 421-a state tax abatement might be one of those things that could
cause units to lost RS status -- you have to look at its history and
do your own research. I would not trust what the owner states (or even
DHCR for that matter). As for the over $2,000 business, the "high rent"
decontrol only takes effect a) when the unit is over $2,000 legally
AND -- b) when the tenant who has the unit at over $2,000 vacates. Only
then does it become deregulated. The High Income provisions are different.
DHCR misapplied the law that if a unit was under $2,000 and if it then
rose to above $2,000 either through guideline increases or unit improvements,
they allowed deregulation at that point. They were wrong. The unit must actually
be at or above $2,000 with the existing tenant before the next tenant is
deregulated.

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Comments:
: : :Dear Jeff,
: : I happened to have lived in your building for 12 years and had a rent-stabilized lease.  Because my apartment at the time I left was renting for 1,200 it still fell under the rent-stabilization guidelines.  However, there were many apartments in the building that rented for over $2,000 & those
: : apartments would be non-regulated at this time.  Also, I do remember some
: : sort of 421-A that the building might have fallen under, but I'm not too sure of what that means for the tenants; something like after 20 years the building becomes free market material?  I moved in in 1979 so the building and was a first tenant so the building is approaching its 20th anniversary!

: The 421-a state tax abatement might be one of those things that could
: cause units to lost RS status -- you have to look at its history and
: do your own research. I would not trust what the owner states (or even
: DHCR for that matter). As for the over $2,000 business, the "high rent"
: decontrol only takes effect a) when the unit is over $2,000 legally
: AND -- b) when the tenant who has the unit at over $2,000 vacates. Only
: then does it become deregulated. The High Income provisions are different.
: DHCR misapplied the law that if a unit was under $2,000 and if it then
: rose to above $2,000 either through guideline increases or unit improvements,
: they allowed deregulation at that point. They were wrong. The unit must actually
: be at or above $2,000 with the existing tenant before the next tenant is
: deregulated.



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