A popular Lower Manhattan restaurant is suing its landlord, claiming the landlord is trying to drive it out of its space to make room for a more profitable tenant. P.J. Clarke's, part of a popular chain, has occupied the space at the former World Financial Center since 2006 and became a popular spot as the neighborhood recovered from the September 11, 2001 terrorist attacks.
In New York City, most construction disputes between co-op boards and co-op shareholders involve conflicts over upkeep, repairs, damage or building maintenance. In many cases, the house rules or by-laws address these issues only in a general way, and that can lead to different interpretations of what is permissible on the property.
If you're a tenant or a landlord in New York, then you should know that short-term subleases through websites like Airbnb are prohibited. Additionally, most leases require the landlord's permission to sublease. Unapproved subleasing could result in eviction, and that may be the case for artist Eileen Hickey.
Manhattan or Brooklyn? There was never a question, according Etsy's chief executive. The e-commerce business, which focuses on vintage and handmade products, currently operates out of an 80,000-square-foot property on Washington Street in Dumbo. Now the company has signed a lease in the same neighborhood, only this time for 200,000 square feet on Adams Street.