Landlords call for up to 6.5% rent hike on stabilized apartments

REBNY provides its own study showing expenses jumped more than Rent Guidelines Board estimates

Like their counterparts in the housing market, New York City landlords know now is not the time to accept a first offer.

Two weeks after the Rent Guidelines Board’s staff floated rent hikes of up to 4.5 percent on one-year leases for the city’s rent-stabilized apartments, the Rent Stabilization Association, a landlord group, has countered with a proposal to raise rents by up to 6.5 percent...

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RSK: Don`t get too excited....this is not an across the board increase on all apartment projects. Although this pertains mainly to NYC, it is having the same effect in many markets. Read the article...



- - Volume: 10 - WEEK: 19 Date: 5/3/2022 9:04:46 AM -