[Uri’el-2012]

The least expensive 1-bedroom apartment in Manhattan is about $3000 a month. Nobody who is poor lives here

You seem unfamiliar with "RENT CONTROL"

in the neighborhood.

[proxy_user]

In order to be subject to rent control, you have to have been in continuous occupancy of your apartment since 1967. These buildings are ‘new renovations’, and rent at the market rate as of right.

[Steven Scharf]

“You seem unfamiliar with “RENT CONTROL”
in the neighborhood.”

Rent Control essentailly no longer exists in NYC. I am no longer versed in the details, but rent control was superseded by rent subidized in 1971. There are very few buildings that still fall under “rent control” As the person you were responding to is correct. This neighborhood is the $3,000 per unit neighborhood.

Once someone moves out of a RC building the status becomes rent subsidized. And that can be removed with renovation as I recall.

From the little online research I did the building was vacant and undergoing extensive renovation.