The Rent Pointers Board has signed off on hikes of as a lot as 3.25% for brand new one-year leases for the Massive Apple’s roughly 1 million rent-stabilized apartments, as landlords and tenants confront spiraling inflation and a possible recession. New two-year leases for rent-stabilized models can bounce by 5% because of Tuesday night time’s […]
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A vote by the city’s Lease Pointers Board on Thursday set the stage for what might very properly be the biggest rent hikes in a decade for the Giant Apple’s virtually 1 million rent-controlled residences. In a preliminary 5-4 vote, the board licensed rent will enhance inside the range of two to 4 % for […]
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Mayor Eric Adams refused Thursday to rule out supporting a controversial advice that the Massive Apple’s hire regulator approve main hikes — as a lot as 9% over two years — for stabilized flats. “We don’t want to aggravate the eviction process, but we also got to look at small property owners,” Adams mentioned throughout […]
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The hire is about to be too rattling larger! New Yorkers dwelling in residences lined by hire stabilization may see their leases leap by as a lot as 9% over the subsequent two years if regulators undertake the will increase advised in a key report launched Thursday. Roughly a million residences within the Huge Apple […]
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A homeless Manhattan widow is waging warfare in opposition to her billionaire landlord. Deborah Privitello, mother of three, has been pressured out of her rent-stabilized duplex condominium for practically 4 years amid a decades-long courtroom battle with Francis Greenburger — often called the “Co-op King of New York” — who she claims turned her “beautiful […]
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