HABITAT
Unprecedented Ruling Due on Rent-Stabilized Apartments in Co-ops
Written by Frank Lovece on May 27, 2014
The five story co-op at 199 East 7th Street has been around since that part of the chi-chi East Village was still known as the Lower East Side. The name transition was just beginning when Mary Veronica Santiago-Monteverde and her late husband Hector Santiago moved there in 1965, more than a quarter-century before the rent-stabilized walkup was converted in the co-op boom of the eighties.
And three decades down from that, the fate of a 79-year-old widow will impact like a meteor on everything co-op boards think they know about their grandfathered, rent-stabilized tenants.
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