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Keyword: rentstablizied

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  • NYC’s rent-stabilized apartments face hikes of up to 7.75%

    05/02/2025 6:27:31 AM PDT · by ChicagoConservative27 · 9 replies
    NY Post ^ | May 1, 2025 | Carl Campanile and Emily Crane
    The prices of rent-stabilized apartments are set to go up in the Big Apple after the city’s Rent Guidelines Board voted in favor of potential hikes Wednesday. The panel, which is charged with deciding rates for the Big Apple’s regulated apartments, agreed to rent increases between 1.75% to 4.75% for one-year leases and between 4.75% to 7.75% for two-year leases. The board, which has increased rents by a combined 9% in the last three years, will finalize the rates in a June vote. Any approved hikes would affect rent-stabilized leases that start on or after Oct. 1.