NY S01954

Establishes the "Stop The Outrageous Retail Evictions Act" (STORE Act) to protect small commercial tenants in New York City by requiring landlords to have good cause before evicting or removing tenants.

Defines small commercial premises as retail spaces of no more than 1,000 square feet and prohibits removal except through court order establishing one of ten enumerated grounds for eviction.

Establishes rent increase protections by creating a rebuttable presumption that rent increases exceeding 1.5 times the annual Consumer Price Index change are unconscionable and cannot be used as grounds for eviction.

Permits eviction for non-payment of rent only if the arrears are not due to unconscionable rent increases or landlord lease violations, and for lease violations that remain uncured 30 days after written notice.

Allows eviction for illegal activity, nuisance, substantially reconstructing the premises with one year notice, or landlord's own business use (with 180 days notice and fair market value compensation if the business type differs), and voids any tenant waivers of these protections.