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KUZMICH v. 50 MURRAY STREET ACQUISITION LLC

5479, 155266/16.

157 A.D.3d 556 (2018)

69 N.Y.S.3d 627

2018 NY Slip Op 00336

JOHN KUZMICH et al., Respondents, v. 50 MURRAY STREET ACQUISITION LLC, Appellant.

Appellate Division of the Supreme Court of New York, First Department.

Decided January 18, 2018.

Except for condominiums and cooperatives, dwellings in buildings that receive tax benefits pursuant to Real Property Tax Law § 421-g are subject to rent stabilization for the entire period the building is receiving 421-g benefits (RPTL 421-g [6]). However, 421-g buildings are subject to the luxury vacancy decontrol provisions of Rent Stabilization Law of 1969 (Administrative Code of City of NY) § 26-504.2 (a), unlike buildings that receive tax benefits pursuant...

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