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by busterarm
2738 days ago
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a) "Rent-controlled" apartments account for less than 24,000 units across all of NYC. b) "Rent-stabilized" apartments account for a significantly larger percentage but the majority of stabilized apartments in the more desirable areas (all of Manhattan, Astoria/LIC, Sunnyside, close parts of Brooklyn) are within 20% distance of market rate and lose their classification once they cross ~$2700/mo. c) On the whole, owners of buildings renting to rent-stabilized tenants are not losing money and can afford to make capital improvements (which increase rents) and hire management companies just like with any other building. |
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