Yesterday’s Stuyvesant Town deal could come with a bit of a surprise. The agreement, which brought an end to litigation over rent decontrol at the Stuyvesant Town-Peter Cooper Village apartment complex, and was worth about $147 million for tenants, could actually increase rents substantially for some residents, Crain’s reported. CWCapital, the special servicer that controls the two trusts that own Stuy Town, told Crain’s that about 1,800 units of the 11,000 total now have two [more]
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