The standoff between East Village landlord Ben Shaoul and East Village tenant Taylor Mead has come to an end. Mead has taken a buyout and is, for the moment, in Denver. Bowery Boogie has a look at the rent-stabilization math here. Mead was paying about $385/month in rent; Shaoul would need to spend at least $80,000 to raise the rent above the destabilization threshold. [Bowery Boogie; previously]
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