Landlords Call For Up to 6.5% Rent Hike on Stabilized Apartments
May 6, 2022
Article by: Suzannah Cavanaugh
Like their counterparts in the housing market, New York City landlords know now is not the time to accept a first offer.
Two weeks after the Rent Guidelines Board’s staff floated rent hikes of up to 4.5 percent on one-year leases for the city’s rent-stabilized apartments, the Rent Stabilization Association, a landlord group, has countered with a proposal to raise rents by up to 6.5 percent.
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