Vacancy decontrol of rent-stabilized units surged 70% despite new law

Landlords managed to yank nearly 8,000 apartments out of rent regulation using high-rent vacancy decontrol last year before that method was banned in mid-June. The deregulation of 7,878 units in five and a half months was a 70 percent increase from all of 2018, according to a new report by the city’s Rent Guidelines Board. About 61 percent of the apartments were in Manhattan. Until the state’s Housing Stability and Tenant Protection Act ended the

source https://therealdeal.com/2020/05/27/vacancy-decontrol-of-rent-stabilized-units-surged-70-despite-new-law/