My question involves real estate located in the State of: NEW YORK
Jurisdiction: New York
I own a mom and pop retail store in NYC (beauty supply shop). My commercial landlord has just rented out the space next to mine to a similar retail store (pharmacy/drugstore - almost like a CVS). They carry similar items as we do as the two stores are in the same business industry. Thus, due to the landlord's desperate attempt to fill his empty store space, I now suffer tremendously in making any sort of profit and this has adversely affected my business. There is fierce competition for customers.
This is the general concept of what has gone occurred. If more precise details are needed, I will supply them. I do understand this is a capital market that advocates competition. But, is there some law/rule about a commercial landlord leasing out to multiple retail stores that are similar/identical in products sold, in the same strip mall area, owned by the same LL, that adversely affects the tenants?
Please help as this seems willfully done, and I want to know if I have any legal recourse. Thank you in advance.