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Rent Increases Approved for NYC Rent-Stabilized Apartments
The Rent Guidelines Board on Monday approved rent increases for rent-stabilized apartments in New York City.
Landlords will be able to increase rent by 2.75% on one-year leases and 5.25% on two-year leases. The rent increases apply to new leases signed on or after Oct. 1, 2024.
The Rent Guidelines Board approved the rent hikes in a 5-4 vote.
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