The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
Articles about "Rent Stabilization"
Rent Freeze Approved
June 29, 2016
After much anticipation, the decision on whether to freeze or increase rent has been made!Read More
Washington Heights Fights to Protect Rent at Foreclosed Buildings
October 25, 2012
The affordable housing market in Manhattan took another hit on Tuesday when it was announced that a cluster of 10 Washington Heights and Inwood buildings are up for foreclosure. Poor living conditions and a rising price tag are threatening the affordability for tenants.Read More
U.S. Supreme Court Rejects NYC Rent Regulation Lawsuit
April 24, 2012
Manhattan apartment renters with rent stabilized or rent controled apartments can finally exhale, because rent regulations in New York City aren't going anywhere. After considering hearing Upper West Side apartment owner James Harmon’s lawsuit which characterized rent regulation as unconstitutional, the U.S. Supreme Court decided on Monday not to hear the case. Harmon, who owns a Beaux-Arts style Brownstone on West 76th Street near Central Park, sued the city over rent stabilization laws that required him to renew the leases of existing tenants or their family members and restricted him from raising their rents above the increments determined by the city's Rent Guidelines Board. Harmon claimed that his tenants, including a women who owns a house in Long Island, pay $1,000 a month for their Upper West Side apartments, far below the market rate for that Manhattan neighborhood.Read More