New York isn’t just a city of neighborhoods — it’s a city of blocks. Each week, Metro picks a corner of Gotham that’s in the news and gives readers a snapshot of what we’ve found.
Stuyvesant Town and Peter Cooper Village made headlines in December when a court ruled landlord Tishman Speyer illegally charged market-rate rents while taking city tax breaks.
This month rents were rolled back on 4,400 apartments and Stuy Town seemed once again to serve the middle class for which it was built.
Ellen Vellensky’s two-bedroom dropped from $3,900 to $2,800 a month.
“It was mind-blowing,” said Vellensky, 31, who lives with her husband and two children. “Stuy Town is great for families. We just walk to each other’s homes – it’s like the uber-suburbs.”
“You have older people and young couples with kids, so as a young, single person I wouldn’t say it’s fun,” said Stephanie Daniel, 30, who sublets. “But I go out in the East Village and when I walk home, it’s safe and quiet.”
There’s still $16 million in overpaid rent that Tishman and tenants’ lawyers are haggling over.
“I’ll be happy to just split it with Tishman Speyer if they need the money,” said a 71-year-old resident.