New York

New York City landlord group Ink forced to pay nearly $2M after allegedly violating rent stabilization laws

NEW YORK — A New York City landlord group accused of violating rent stabilization laws is being forced to pay nearly $2 million.

“They lied, and they cut corners to avoid rent stabilization. While New Yorkers grappled with soaring rents and they struggled to find affordable housing, this company made quick cash by preying on vulnerable individuals and families,” Attorney General Letitia James said.

James says Ink Property Group bought dozens of rent-stabilized buildings and illegally forced out tenants to offer units at market price.

In a settlement with the state, Ink must pay $1.75 million to preserve affordable housing and $400,000 in restitution to impacted tenants.

Share this news on your Fb,Twitter and Whatsapp

File source

Times News Express – Breaking News Updates – Latest News Headlines

Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button