The Post's Steve Cuozzo dedicates his Realty Check column today entirely to the Stuyvesant Town/Peter Cooper Village court decision that may return 3,000 apartments to rent-regulation and cost landlord Tishman Speyer over $200M in returned rent payments to tenants. Specifically, Cuozzo looks at the three little words in the J-51 tax abatement legalese that are the root of the whole dispute?"by virtue of." If an appeal is heard, it will be a judge's ruling on those words that decides the ultimate outcome. Will both sides call in English professors to testify? [NYPost, previously]
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