Gateway to the Future - as reported in The Broadsheet
Agreement Caps Rent Increases Til 2069 for Longtime BPC Tenants
Continue readingBPCA, LOCAL ELECTED OFFICIALS, AND GATEWAY TENANTS ASSOCIATION PRESERVE RENT PROTECTION FOR HUNDREDS OF LONG-TIME GATEWAY RESIDENTS
Agreement Caps Annual Increases Extending Current Tenant Protections Until 2069. Provides Stability in Neighborhood’s Original Residential Complex The Battery Park City
Continue readingAn Important Victory for Our Community — QRS Extended to 2069
After years of advocacy, the existing Quasi Rent Stabilization (QRS) agreement has been extended through 2069. The current 2.5% cap on annual increases will remain in place for over 400 apartments — not just through 2030, but to the end of Marina Towers / Lefrak’s current ground lease with Battery Park City Authority (BPCA). The extension applies to residents already covered by the QRS agreement (generally those who have been Gateway residents since 2009).
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