Lindsay Lohan’s 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.

The Hollywood star’s 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.

Lindsay Lohan’s younger brother, Michael Lohan Jr., is being sued for an alleged illegal rent scheme. Getty Images for Cadillac

The suit, filed last week, alleges that the real estate dev

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