The Sheffield23, the market-rate rental holdouts at the under-conversion Sheffield57, caught a break in housing court. A judge ruled that the West 57th Streeters are "protected tenants" under the Martin Act of 1982, which governs condominium conversions. The residents are entitled to new leases at market rate from Swig Equities (if they can find their apartments), and if the rents get so jacked up that it's apparent Swig is just trying to boot them, the tenants can bring it back to court. Kent Swig has vowed to appeal the ruling, and already experts are pontificating on the far-reaching implications of this decision. Meanwhile, we're left wondering why they named legislature after a Martin Lawrence sitcom.
· Big Home Run [NYP]
· Condo Converters Could Face New Restrictions [NYSun]
· Sheffield Conversion Sparking 'Civil War'? [Curbed]
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