3 ms·
Most of these new rent stabilized units aren't actually rent stabilized in practice. I used to live in one of the newer high rises in downtown Brookyln and my
by writeslowly 8y ago
Most of these new rent stabilized units aren't actually rent stabilized in practice.
I used to live in one of the newer high rises in downtown Brookyln and my unit was technically rent stabilized, but since I was paying a "preferential" rent of $2500/month vs the "real" rent of $3700/month (that no one in their right mind would pay), they were able to raise my rent beyond the approved increase once the lease was up for renewal, and could have raised it far beyond the market value if they really felt like it.