Owner must offer better rent deal, I.P.N. leaders say

By Ellen Keohane

A somewhat skeptical crowd of more than 200 residents of Tribeca’s Independence Plaza North apartment complex gathered on Tuesday night at I.S. 89 to learn more about a tax abatement program that could potentially make their apartments eligible for rent stabilization.

Recently the tenant association discovered that I.P.N.’s former owner applied for and received a reduction in city real estate taxes in 1998. Laurence Gluck, who purchased the complex two years ago, is still receiving this tax reduction, which is known as a J-51 tax abatement, said Diane Lapson, president of the I.P.N. Tenant Association.

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