NY S03870

Establishes the "STORE Act" (Stop The Outrageous Retail Evictions Act) to protect small commercial tenants in New York City occupying retail spaces of 1,000 square feet or less from eviction without good cause

Requires landlords to obtain a court order establishing good cause before removing tenants, even if the lease has expired or the tenant has no written lease

Creates a rebuttable presumption that rent increases exceeding 1.5 times the annual Consumer Price Index change for New York City are unconscionable and cannot be used as grounds for non-payment eviction

Defines permissible good cause grounds for eviction including: failure to pay lawful rent, substantial lease violations (with 30-day cure period), nuisance, illegal activity, violation of law requiring vacate order, unauthorized subletting, and persistent violation of city tax or licensing laws

Allows landlords to reclaim premises for demolition/substantial reconstruction with one year's notice, or for personal business use with 180 days' notice, but requires fair market value compensation if the landlord operates the same type of business as the displaced tenant