Real Estate

NYC board votes to hike rents by 2.75% for 1 million rent-stabilized apartments

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Demonstrators outside of the Rent Guidelines Board meeting hold signs asking for no rent raises this year.

In late April, Rent Guidelines Board members agreed to consider increases of 2% to 4.5% on one-year leases.

The move by the city’s Rent Guidelines Board drew quick condemnation from tenants and their advocates as well as landlords. [ more › ]

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David Brand, Naim Ali-Pacheco , 2024-06-18 02:52:00

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