The Daily Dirt: Brodsky’s unusual response to FARE Act

The Brodsky Organization must know the adage, “When life serves you lemons, make lemonade.” As the real estate industry kvetched (and sued) over a new city law preventing landlords from passing their rental brokers’ fees on to tenants, Brodsky tried to use the law to its advantage — and may have succeeded. On June 11, the day the FARE Act took effect, the developer did not jack up rents — as some landlords did — at 499 President Street, its new Gowanus apartment building. Instead, it started offering brokers twice what they would normally get paid to bring a tenant […]This article originally appeared on The Real Deal. Click here to read the full story.