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Black Spruce Management Faces Rent Overcharge Lawsuit | Real Estate News
A major lawsuit is targeting Black Spruce Management over alleged rent gouging at The Copper in Murray Hill, claiming tenants were hit with nearly 20% hikes on renewals—despite being in rent-stabilized units under the 421a program. The scheme allegedly involved advertising lower upfront rents with perks like a free first month, then registering higher base rents with the state to later apply massive increases beyond legal caps. Plaintiffs seek class action status for over 3,500 affected tenants, citing a prior court precedent that requires rent concessions to be maintained across renewals…
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