NYC’s Rent-Stabilized Apartments Face Hikes of Up to 7.75%
The prices of rent-stabilized apartments are set to go up in the Big Apple after the city’s Rent Guidelines Board voted in favor of potential hikes Wednesday.
The panel, which is charged with deciding rates for the Big Apple’s regulated apartments, agreed to rent increases between 1.75% to 4.75% for one-year leases and between 4.75% to 7.75% for two-year leases.
The board, which has increased rents by a combined 9% in the last three years, will finalize the rates in a June vote.
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Oscar Ramos
I am a small landlord my taxes are going up water bill going up and house insurance that why we need the rent hike an oil is not cheap either it’s a lot expensive, to take care the building