On June 25, Gov. Andrew Cuomo signed the “Loft Law Clean Up Bill.” The new legislation enacts several important changes to the Loft Law. First, it re-opens the application process and, except for certain portions of the North Brooklyn Industrial Business Zone in Bushwick, eliminates any deadline for applications. Second, it creates a new “window […]
On June 14, 2019, Governor Andrew Cuoma signed a historic packet of legislation, dubbed the “Housing Stability and Tenant Protection Act of 2019″, ushering in major changes to rent regulation in New York City. The legislation marks the most sweeping changes to the rent laws since 1993, when the Republican-controlled legislature enacted a slew of […]
The Times’ Real Estate Section reached out to David to explain what happens to a subtenant when a prime tenant stops paying rent.