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Re: Teaching Hospital Goes After It's Own MD's -- Help!

Posted by Mark Smith on July 01, 1999 at 14:39:12:

In Reply to: Re: Teaching Hospital Goes After It's Own MD's -- Help! posted by Anna on July 01, 1999 at 07:24:12:

Back in the late 1980s, DHCR ruled that
apartments in Mitchell-Lama developments that
left the program by paying off the mortgage(s)
would become rent stabilized, if they were in
areas covered by rent stabilzation and, in the
case of New York City, if they were built before
1974 (the base date for rent stabilization).

However, the owners of the Westgate development,
on West 96th and 97th Streets in Manhattan,
apparently found a provision in the law that
permitted market rents for buildings built prior
to 1974. KSLM-Westgate is currently trying to
get DHCR to permit rents to increase as much as
700% in some cases.

The post-1974 Ruppert-Yorkville development in
Manhattan also left the program and rents have
tripled. The tenants are fighting the increase
in court, based on various documents that may
have precluded the landlord from leaving the
program so early.

And The New York Times recently carried an article about the tenants at Cooper Gramercy in Manhattan (also post-1974), and their efforts to negotiate with the landlord for a five-year or so transition to market rents. There are also some tenants who want to go to court to fight any type of rent increase.

: Mitchell-Lama is supposed to become
rent-stabilized at the current rent when they
opt-out of the program.

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