Is Stuyvesant Town rent controlled?

Is Stuyvesant Town rent controlled?

Stuy Town’s Landlord, The World’s Largest Private Equity Firm, Is Keeping Rent Regulated Apartments Empty. Stuyvesant Town and Peter Cooper Village is the largest apartment complex in Manhattan. Not all of its rent-regulated units fall under the 2015 regulatory agreement.

Can I sublet in StuyTown?

Pursuant to the Terms of the Lease, subletting is permitted if certain conditions are met and Tenant receives Landlord’s prior approval.

Can you buy StuyTown apartments?

Like many apartments for sale in Manhattan NYC, this complex is privately owned and managed. Under the terms of the latest purchase contract, these units would be reserved for families with household incomes not exceeding $62,000 a year with rent-stabilized units starting at $1,500 monthly.

Is StuyTown a good place to live?

Stuyvesant Town is in New York County and is one of the best places to live in New York. Living in Stuyvesant Town offers residents a dense urban feel and most residents rent their homes. Many young professionals and retirees live in Stuyvesant Town and residents tend to be liberal.

Is StuyTown rent stabilized?

All Units in the Complex Are Currently Rent Stabilized. Because Stuyvesant Town-Peter Cooper Village was built in the mid-1940s, all of its units were included in the state’s rent-stabilization system when the Emergency Tenant Protection Act took effect in 1974.

Is StuyTown affordable housing?

From today until March 31st, New Yorkers earning 165 percent of the area median income can apply for a new set of affordable apartments at StuyTown. The available units start at $1,200/month for one-bedrooms, $1,400/month for two-bedrooms, and $1,800/month for three-bedrooms.

What is StuyTown lottery?

The StuyTown Lottery is an affordable housing application process, open from March 2, 2021 to March 31, 2021. It is conducted by StuyTown Property Services, under the supervision and guidelines of the New York City Housing Development Corporation.

Does StuyTown allow pets?

Yes, StuyTown is a pet-friendly community.

Is StuyTown the projects?

Construction of StuyTown took place between 1945-1947. In October 2006, MetLife sold StuyTown to Tishman Speyer. The new ownership implemented significant capital projects on the property. Tishman Speyer relinquished control of the property in 2010.

Is Stuyvesant Town Peter Cooper Village Safe?

Stuyvesant Town is always clean and the neighbors are extremely friendly. It isn’t too loud and the view from the apartment is phenomenal. I love Stuyvesant Town! It is incredibly safe, and right in the heart of NYC, there are many transportation options (bus and train).

Is Stuyvesant Town public housing?

Stuyvesant Town–Peter Cooper Village, sometimes shortened to StuyTown, is a large post-World War II private residential development on the east side of the New York City borough of Manhattan.

Is StuyTown low income?

When the Blackstone Group bought the 80-acre complex–the largest rental community in Manhattan–for $5.45 billion in 2015, they committed to reserving 5,000 units of affordable housing for 20 years, including 4,500 for middle-income families and 500 for low-income families.