By Kim Velsey 4/23/12 4:13pm

Rent wars

The house that Harmon built... but can't call his own? (Google Maps)

Renters Relieved! Life Returns to Normal After Supreme Court Turns Down Harmon Case

Today marks a day of rejoicing for residents living in one of the city’s many rent-regulated apartments. Break out the Andre!

The Supreme Court has declined to hear a challenge to rent control brought by former federal prosecutor James D. Harmon Jr., the owner of a five-story townhouse on West 76th Street. Mr. Harmon, who grew up in the brownstone and now lives there with his wife Jeanne, inherited the building and its three rent-controlled tenants from his grandfather. The building also has three market-rate tenants.

In a city of renters, where the approximately 47% percent of the city’s 2.2 million rental units are subject to rent control or rent stabilization laws, the Harmon case touched New Yorkers’ notoriously hard-to-reach hearts. The case’s potential to radically upset New York City housing policy, as well as rent regulation laws across the country, left those on both sides of issue anxiously awaiting the court’s decision. Read More

By Kim Velsey 4/23/12 11:03am

Supreme Court Declines To Hear Harmon Rent Control Case

The Supreme Court has declined to hear the challenge to rent control brought by former federal prosecutor James D. Harmon Jr., the owner of a five-story townhouse on West 76th Street.

Mr. Harmon, who grew up in the brownstone and now lives there with his wife Jeanne, inherited the building and its three rent-controlled tenants Read More

By Matt Chaban 4/16/12 10:40am

The Rent

The place that could pull down the rent regs house of cards. (Property Shark)

Where’s the Rent? Supreme Court Witholds Decision on Whether or Not to Hear Rent Control Case

That’s pretty much the full story at this point. “The court has not granted or denied that case yet,” a Supreme Court public information officer just informed The Observer. Such announcements are made every Monday, and so New York will be on the edge of its rent-regulated seats for another seven days. Check back then to see if landlords citywide will finally have their day in court. The Supreme Court has until June to decide whether or not it will hear the case—a waiting game worse than the TKTS booth.

By Kim Velsey 4/16/12 9:45am

The Rent

Decision time. Will the Supreme Court hear the rent control case? (IslesPunkFan, flickr)

Does the End of Rent Control Start Today? Supreme Court Will Decide Whether or Not to Hear UWS Suit

Forget sweet nothings and exclusive party invitations. The two words most New Yorkers long to hear are “rent controlled.” But like so many (impossible?) dreams, this, too, may soon be dead.

The Supreme Court could decide today whether or not to hear a case brought by former federal prosecutor James D. Harmon Jr., the owner of a five-story townhouse on West 76th Street. Mr. Harmon, who grew up in the brownstone and now lives there with his wife Jeanne, inherited the building and its three rent-controlled tenants from his grandfather. He argues that New York City’s rent laws violate the Constitution by taking his property without just compensation.

The three tenants with rent control pay approximately $1,000 a month for one-bedroom apartments, about 59 percent below market rate, according to court documents. Three other tenants in the building pay market rents.

“For 50 years my family has been subsidizing the lifestyles of tenants,” Mr. Harmon, who is 68, told the Observer on Friday.  He and his wife were both getting older, Mr. Harmon said, and cannot afford to do it anymore. “If there is a problem here, then society as a whole should bear the burden.” Read More

By Kim Velsey 3/27/12 3:18pm

The Rent

Raising the (rent regs) roof. (rnguyen01/Flickr)

Rental Relief! Mayor Bloomberg Renews NYC Rent Regulation Law

Even with a Supreme Court battle looming in the background, Mayor Michael R. Bloomberg didn’t hesitate to sign a City Council bill extending New York’s Rent Stabilization Law through April 2015.

“In order to extend the Rent Stabilization Law, the City must determine that a housing emergency exists to merit the need for rent stabilization,” Bloomberg said in a release about the bill’s passage, citing the city’s vacancy rate of 3.12 percent to declare the requisite emergency. Read More