August 2019 Update
Landlords of Buildings in 421-g Program Face New Threat of Overcharge Claims
(The above picture depicts the Senate Majority Leader and NYC Mayor in 1995 after the recently approved 421-G Tax Abatement Program)
In late June, the state's highest court ruled that units which were initially subject to rent stabilization law by virtue of their building receiving tax breaks under the "421-g" program, remain stabilized so long as the building continues to receive such benefits. This ruling, coupled with the expansion of the look-back period for rent overcharge claims (from 4 years to 6 years), this has opened the door for thousands of tenants who lived in such units to file overcharge claims against their landlord. The 421-g program has been available to landlords of buildings in Lower Manhattan since 1995 and can remain in place for up to 14 years. For more info on how you can protect yourself from facing a class-action lawsuit from your former and current tenants in regard to rent overcharge claims, please do not hesitate to reach out to us.  
 
New Property Management Services 
   
In an ongoing effort to further service the needs of our clients, STRATCO is pleased to announce the formation of a new property management company.
 
Our team of seasoned experts are uniquely qualified to ensure that our clients properties are in total compliance with the new laws and and know how to best move forward in a changing landscape.  With a core competency in navigating the regulatory complexities, we are able to serve those clients who don't have the bandwidth and know-how to deal with today's industry.   
 
Click here for the brochure outlining our full list of services.
 
 
Please do not hesitate to reach out for additional info or a free consultation.  
Helpful Links
  1. To view historical newsletters on STRATCO'S Thought Leadership, click here
  2. If you are part of an investment sales office, and request an office level presentation on the new law changes, click here
  3. To reach STRATCO regarding any other matter, click here
  4. To learn more about the recent rent law legislation, click here
List of Services
Property Management                                     Property Due Diligence

Tenant Relations                                                CONH Applications

Legal Management                                            IAI Documentation
Disclosure of Services
STRATCO does not serve as an attorney and does not provide legal advice.   STRATCO functions as a management consultant on executing highly complex business strategies.  STRATCO functions as an intermediary with client's legal counsel in order to effectuate risk mitigation and regulatory compliance.
 

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