Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Fast Forward

Kushner Real Estate Firm Cuts Corners On New York Paperwork For Tenants

Jared Kushner basically used the time-honored “I forgot” excuse when it came to a few pesky meetings with Russian operatiives.

Kushner Companies, the real estate firm linked to the presidential son-in-law has encountered some paperwork difficulties of its own – running afoul for having failed to register as rent-stabilized units that the corporation got a huge tax break for.

According to the Real Deal, Kushner Co. in 2013 purchased the 46-unit digs at 50 North 1st Street in hip Williamsburg for $34 million. Opting into the 421A program, the firm was supposed to register as rent-stabilized all the units in exchange for a steep property tax cut.

But Kushner Co. has not recorded the tenant properties as such in the past year, despite getting a $1.2 million break. Rent-stabilized units tend to be less expensive, and the rent there can only be increased by a rate set by state and city authorities.

Kushner Co. claimed it had made a paperwork mistake, and had not jacked up rents. But like its former chief exec, it might pay better attention to the paperwork.

Contact Daniel J. Solomon at solomon@forward.com or on Twitter @DanielJSolomon

A message from our CEO & publisher Rachel Fishman Feddersen

I hope you appreciated this article. Before you move on, I wanted to ask you to support the Forward’s award-winning journalism during our High Holiday Monthly Donor Drive.

If you’ve turned to the Forward in the past 12 months to better understand the world around you, we hope you will support us with a gift now. Your support has a direct impact, giving us the resources we need to report from Israel and around the U.S., across college campuses, and wherever there is news of importance to American Jews.

Make a monthly or one-time gift and support Jewish journalism throughout 5785. The first six months of your monthly gift will be matched for twice the investment in independent Jewish journalism. 

—  Rachel Fishman Feddersen, Publisher and CEO

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at editorial@forward.com, subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.

Exit mobile version