AvalonBay sued over alleged $40M overcharge of rent-stabilized Brooklyn tenants
Real estate giant AvalonBay is facing a lawsuit for allegedly overcharging rent-stabilized tenants in three Downtown Brooklyn buildings by an estimated $40 million.
One of the nation's largest landlords, AvalonBay, has been sued for allegedly overcharging more than a dozen rent-stabilized tenants at three residential buildings in Downtown Brooklyn. The lawsuit, filed on Monday, October 5, 2026, follows an investigation by the tenant watchdog group Housing Rights Initiative. The properties involved in the litigation include 343 Gold Street.
The plaintiffs claim that the developer illegally inflated rents for apartments that should have been protected under rent stabilization laws. The total estimated overcharges cited in the case reach approximately $40 million, highlighting ongoing tensions regarding luxury developments and housing regulations in the neighborhood.
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