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Many landlords do not fill their vacant rent stabilized units, as the operational and renovation costs may exceed the legal maximum rent. As of 2022, there are roughly 20,000 vacant rent stabilized apartments in New York City. Frankensteining
Recent reports estimate that there are over 1 million rent-stabilized apartments in New York City. That means that almost half of the city's rental units are subject to rules that keep...
By Gabriel Poblete, The City. May 24, 2024. Last year New York City experienced its largest loss of rent-stabilized apartments in eight years, while permits for new housing dropped...
The New York City Rent Guidelines Board's controversial hike goes into effect on Sunday, Oct. 1, allowing owners of stabilized units to increase prices by up to 3 percent, city records show.
Created in 1934 as the first agency of its kind in the United States, it aims to provide decent, affordable housing for low- and moderate-income New Yorkers throughout the five boroughs of New York City. [1] [2] NYCHA also administers a citywide Section 8 Leased Housing Program in rental apartments.
Rental apartments are displayed in a realtor's office window on July 26 in Brooklyn. (Spencer Platt/Getty Images) NEW YORK CITY — Rent relief is coming to New York City in 2023, but change will ...