{"id":440083,"date":"2025-12-11T12:35:13","date_gmt":"2025-12-11T12:35:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/440083\/"},"modified":"2025-12-11T12:35:13","modified_gmt":"2025-12-11T12:35:13","slug":"lindsay-lohans-brother-sued-for-allegedly-overcharging-rent-in-nyc","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/440083\/","title":{"rendered":"Lindsay Lohan’s brother sued for allegedly overcharging rent in NYC"},"content":{"rendered":"

Lindsay Lohan\u2019s younger brother, Michael Lohan Jr., is being sued for allegedly cashing in on the Big Apple real estate market by illegally deregulating more than 150 rent stabilized apartments, state Attorney General Letitia James said.<\/p>\n

The Hollywood star\u2019s sibling is among a handful of property honchos from Peak Capital Advisors that were involved in an alleged scheme to oust tenants in rent stabilized apartments in Brooklyn and Queens so they could renovate the buildings into luxury lofts and market them to young professionals for upwards of $6,500 per month in some cases, according to the lawsuit.<\/p>\n

\"NinaLindsay Lohan\u2019s younger brother, Michael Lohan Jr., is being sued for an alleged illegal rent scheme. Getty Images for Cadillac<\/p>\n

The suit, filed last week, alleges that the real estate development company\u2019s bigwigs bought up 31 buildings across the two boroughs dating back to 2019 \u2014 including in trendy neighborhoods like Greenpoint and Williamsburg.<\/p>\n

They then converted 159 rent-stabilized apartments in those buildings to market-rate so they could overcharge tenants scrambling to live in those areas, court filings allege.<\/p>\n

\u201cPeak\u2019s business plan from the outset was to market the apartments to young professionals willing to pay high rents without regard for rent stabilization laws,\u201d the suit states.<\/p>\n

\u201cPeak specifically looked for buildings with \u2018significant upside potential\u2019 in gentrifying neighborhoods such as Sunnyside, Astoria, Long Island City and Greenpoint.\u201d<\/p>\n

As part of the alleged scheme, Lohan and his co-accused exploited an exemption in state housing law that aims to incentivize the rehabilitation of seriously deteriorated buildings.<\/p>\n

\u201cPeak ignored the law and renovated solely to increase its profits,\u201d the lawsuit charges.<\/p>\n

\"MichaelMichael Lohan Jr. is among a handful of property honchos involved in an alleged scheme to oust tenants in rent stabilized apartments. Getty Images<\/p>\n

\u201cRecords clearly show that Peak\u2019s buildings did not require extensive renovations to be habitable, as they were in average or good condition when Peak bought them. Therefore, Peak did not meet the legal requirement for deregulation.\u201d<\/p>\n

Once the renovations were complete, they allegedly tried to cover their tracks by reassigning apartment numbers in the building to make it harder for tenants and regulators to track whether the rent was actually legal.<\/p>\n

Lohan, who is listed as a principal and head of Peak\u2019s investor relations, received rent or was entitled to receive rent from the properties, the lawsuit claims, noting that he \u201cpersonally received unlawful monetary gains.\u201d<\/p>\n

The suit, brought jointly by the AG\u2019s office and the state\u2019s Homes and Community Renewal commission, is asking for the overcharged rent to be paid back, as well as damages for the tenants.<\/p>\n

\u201cIt is no secret that New York City is already battling an affordable housing crisis, and yet Peak and its operators still chose to line their own pockets at New Yorkers\u2019 expense,\u201d James said in a statement.<\/p>\n

\u201cAs these bad actors illegally raked in profits, affordable housing in New York grew even more scarce, and that is unacceptable. Let this lawsuit be a warning: when corporate developers and bad landlords try to cheat housing laws, my office will always take aggressive action to stop them.\u201d<\/p>\n

The others listed in the lawsuit include: Juan David Gomez, Alex Rabin, Amnay Labou, Bryan Anderson, Alex Kaskel, and Alex Mendik.<\/p>\n

The Post reached out to Peak Capital Advisors but didn\u2019t hear back immediately.<\/p>\n","protected":false},"excerpt":{"rendered":"Lindsay Lohan\u2019s younger brother, Michael Lohan Jr., is being sued for allegedly cashing in on the Big Apple…\n","protected":false},"author":3,"featured_media":440084,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,171,336,53845,5248,405,403,5226,5225,5228,5227,8167,67,586,132,5230,68,1154,2969],"class_list":{"0":"post-440083","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-entertainment","10":"tag-lawsuits","11":"tag-lindsay-lohan","12":"tag-metro","13":"tag-new-york","14":"tag-new-york-city","15":"tag-newyork","16":"tag-newyorkcity","17":"tag-ny","18":"tag-nyc","19":"tag-rent","20":"tag-united-states","21":"tag-united-states-of-america","22":"tag-unitedstates","23":"tag-unitedstatesofamerica","24":"tag-us","25":"tag-us-news","26":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115700966238424843","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/440083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=440083"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/440083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/440084"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=440083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=440083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=440083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}