1,800 NYC Apartments Are Returned to Rent Stabilization

Officials say more than 1,800 apartments in New York City have been returned to rent stabilization.

The announcement was made Thursday by state Attorney General Eric Schneiderman, Gov. Andrew Cuomo and Mayor Bill de Blasio.

They say 128 landlords who benefit from the New York Real Property Tax Law are now registering 1,823 market-rate apartments as rent-stabilized.

Schneiderman says landlords who accept tax incentives must "follow through on their end of the bargain" and offer rent-regulated leases to their tenants.

Cuomo says it's part of an effort to prevent "rent gouging."

Officials say recent settlements include a landlord who owned 134 apartments in 10 Brooklyn buildings through 10 "shell entities."

They're going after another 52 landlords accused of denying tenants rent-stabilized leases.

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Copyright AP - Associated Press
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