Landlords who used Airbnb to list illegal hotel settle with city for $1M

The hits in New York’s Airbnb crackdown keep on coming. The city had sued a pair of property owners for running an illegal hotel that it listed on sites like Airbnb, and it has now settled with them for $1 million, according to the New York Daily News. Landlords Majid and Hamid Kermanshah had listed units in residential buildings at 59 Fifth Avenue and 5 West 31st Street on Airbnb under the names “Contemporary Design […]

Source: Real Estate

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