NYC Rent Laws Trap Landlords In J-51 Program, Atty Says

Law360, New York (May 23, 2012, 6:58 PM EDT) -- An attorney for a thousand-unit New York City apartment complex begged a state appeals court Wednesday to clarify the law on J-51 tax breaks after the landmark Stuyvesant Town decision, saying the city should allow the complex to withdraw from the tax abatement program.

Richard M. Goldstein of Proskauer Rose LLP, who represents the London Terrace apartment complex in Manhattan's Chelsea neighborhood, told the appeals court during a hearing Wednesday that the New York Court of Appeals' decision in Roberts v. Tishman Speyer Properties LP had...
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