ARTICLE
9 January 2018

Soloway Discusses NYC's Record Settlement With Landlord Over Airbnb Dispute

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Pryor Cashman LLP

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A premier, midsized law firm headquartered in New York City, Pryor Cashman boasts nearly 180 attorneys and offices in both Los Angeles and Miami. From every office, we are known for getting the job done right, and doing it with integrity, efficiency and élan.
On January 2, 2018, New York City reached a reportedly record-breaking $1.2 million settlement with Salim Assa, a Manhattan real estate owner and founder of Assa Properties, over his tenants' use of the home-sharing platform Airbnb ...
United States Real Estate and Construction

On January 2, 2018, New York City reached a reportedly record-breaking $1.2 million settlement with Salim Assa, a Manhattan real estate owner and founder of Assa Properties, over his tenants' use of the home-sharing platform Airbnb at four properties located at 15 West 55th Street, 19 West 55th Street, 334 West 46th Street and 336 West 46th Street.

According to the City's suit, Assa allegedly ignored nearly 100 notices of building and fire code violations issued by the Department of Buildings for the 334 West 46th Street and 15 West 55th Street properties, most of which contained accusations that apartments were being booked through Airbnb as hotels for stays of less than 30 days.

In an interview with Law360, Todd E. Soloway, Chair or Pryor Cashman's Hotel + Hospitality and Real Estate Litigation practices, applauded the settlement order. "The city is cracking down on these owners because this alleged activity reduces the available stock of affordable housing and poses a danger to the tenants in the buildings," he said. "Clearly, Airbnb should bear responsibility as well. It certainly appears that Airbnb enabled these owners to engage in this allegedly illegal activity."

The settlement, which was approved by New York Supreme Court Justice James d'Auguste, includes Assa's agreement to hire an independent property manager to run his buildings, as the city continues its efforts to crack down on commercial landlords that illegally convert long-term residential units into short-term tourist rentals through websites like Airbnb.

To read the full Law360 article, please click here.

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