An Upper West Side townhouse-owning couple's attempt to get the Supreme Court to revoke NYC's rent stabilization laws has failed, with the country's highest court declining to hear the case. Which means that James and Jeanne Harmon must keept their rent-stabilized tenant, who pays $1,000/month for a one-bedroom on West 76th Street, even though she's paying another $1,500/month for her Southampton home. more ›

The Trinity School, a private school on the Upper West Side that charges annual tuition of $30,000 a year, is prepared to cash in on the rise in property values by opting out of the Mitchell-Lama housing program. That program was designed to reserve housing for middle-class tenants in New York through government subsidized loans and tax breaks. The disparity in below-market rents required by Mitchell-Lama and the value of the building that houses the... more ›