Larry Gluck’s Stellar Management is taking legal action against the market-rate tenants of a Chelsea building for allegedly renting out their apartment through Airbnb.
A recent lawsuit claims that since signing a lease in March at Stellar’s 214 West 21st Street, between Seventh and Eighth avenues, tenants Vitaliy Pereverzev and Marcela Torres have made their apartment “available on a continuous basis to tourists and other transient visitors.
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” The defendants have used Airbnb to advertise the two-bedroom, two-bathroom apartment for stays of at least four nights at a nightly rate of $375″, according to the lawsuit. The stays are illegal under a 2010 state law banning multifamily building tenants from subletting their space for less than 30 days, the New York Observer reports.
Read the full story at The Real deal