A building in Staten Island was constructed in 1968 and contains 12 rental units. The building received J-51 tax benefits from 1985 to 2005. In 2026, what is the rent stabilization status of this building?
Correct Answer
A) The building became permanently rent-stabilized when it first received J-51 benefits and remains so indefinitely
Under New York law, buildings that receive J-51 tax benefits become permanently subject to rent stabilization and cannot be removed from regulation even after the tax benefits expire. This permanent coverage was clarified by court decisions and legislative amendments.
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