Letitia James is going after a prominent Brooklyn landlord, accusing the firm of illegally deregulating rent-stabilized units.
The New York Attorney General’s office and the Division of Housing and Community Renewal sued Peak Capital Advisors on Monday, Crain’s reported. The lawsuit alleges Peak illegally deregulated more than 150 units across 30 properties in Queens and Brooklyn, including buildings located in Greenpoint, Astoria, Sunnyside and Long Island City.
Since 2019, Peak deregulated dozens of units by using the state’s “substantial rehabilitation” program, designed for full-system replacements. Peak’s properties, however, didn’t warrant “substantial rehabilitation,” according to the agencies’ investigation…