Wednesday 27 June 2018

RGB approves biggest rent hikes since 2013, but landlords call it “pathetically insufficient”

Even though it was the largest increase in rents on regulated apartments since 2013, landlords expressed deep disappointment with the Rent Guidelines Board’s Tuesday night vote. The nine-person body, among the few proxies through which Mayor Bill de Blasio can directly impact rental rates, voted 5-4 to increase rents on stabilized one-year leases by 1.5 percent and two-year leases by 2.5 percent. The increase is slightly higher than last year, when rents rose 1.25 percent […]



source https://therealdeal.com/2018/06/27/rgb-approves-biggest-rent-hikes-since-2013-but-landlords-call-it-pathetically-insufficient/

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