Posted by Tracy on August 17, 1999 at 10:14:36:
I have an aunt who has lived in the same apartment in NYC for 29 years.
The apartment was rent controlled until 8 years ago and is currently rent
stabilized at $500/month. A new owner took over the building about 3 years ago.
At that time, 3 of the 10 apartments in the building were occupied.
The new owner renovated the 7 unoccupied apartments and leased out for
$1500-$2500 per month per apartment. Recently, the new owner has mentioned
that when my aunts lease comes up, he is planning on evicting under owner
occupancy rule. My aunts' lease will come up in about 1 1/2 years.
Can this be done?
She has lived there 29 years and planned on retiring there
She will be unable to find a comparable apartment in the city for $500/month and is unable to pay more
The owner had the opportunity to have his pick of 7 newly renovated apartments in the same building for himself
Thank you for any information you can provide on this issue
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