4 ms·
NYC used to have a lot of Single Room Occupancy (SRO) residential hotels that functioned more like cheap apartments. Rent stabilization applies to buildings bui
by mattficke 3y ago
NYC used to have a lot of Single Room Occupancy (SRO) residential hotels that functioned more like cheap apartments. Rent stabilization applies to buildings built before 1974 and kicks in for residents once they’ve been in a place for 6 months. Years ago the city changed the zoning laws to restrict SROs so there aren’t nearly as many as there were in the 80’s but a few have stuck around.