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Submitted URL: https://www.globest.com/2024/05/03/landlords-call-nyc-boards-proposed-rent-hike-slow-demise/
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Analysis


LANDLORDS CALL NYC BOARD'S PROPOSED RENT HIKE "SLOW DEMISE"

RGB WEIGHS 2 TO 4.5% INCREASE ON ONE-YEAR LEASES FOR RENT-CONTROLLED APARTMENTS.

By Jack Rogers | May 03, 2024 at 05:53 AM

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New York City’s Rent Guidelines Board voted this week to consider increases
ranging from 2 to 4.5% on new one-year leases, and 4 to 6.5% on new two-year
leases, for NYC’s 1M rent-controlled apartments.

The nine-member board will determine the final rates, which will be effective on
leases signed after Oct. 1, at its meeting on June 17.


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