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The Renters: Is the Lease Kosher?

[Moments from realizing their dream, the renters hit a potential snag and issue a plea for help.]

"So, my husband went alone to sign the lease - I was stuck at work in DC.

"He just called, confused - our lease has a rent-stabilization rider on it. But it's a new building! The lease language said that our rent is $2600 for one year, a discount from the legal registered rent, which is $3319/month. Deeply concerned that we are subject to a rent increase of $700 at the end of the year, I called a friend who works at HPD in New York City - she was baffled, as well, short of some exotic tax incentive. Gotham Court (see right) is new construction that replaced buildings at 149-51 Essex Street.

"A call to the state division of housing and community renewal info line in downtown Manhattan revealed nothing - to find out about the rent status of our building, we'd have to bring a copy of the lease for a rent counselling appointment.

"A quick scan of [Rent Guidelines Board website] did not list ANY of the addresses for Gotham Court as rent-stabilized.

"Is this all kosher? Any Curbed readers want to weigh in?" [photo via Wired NY]
· The Renters: All Lines Are Busy; Please Try Again [Curbed]