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That's simply not true. Vacancy decontrol for a rent stabilized apartment only kicks in if the legal rent for an apartment has reached $2500. So it is very much
by bradleyjg 11y ago
That's simply not true. Vacancy decontrol for a rent stabilized apartment only kicks in if the legal rent for an apartment has reached $2500. So it is very much the case that a vacant apartment can be subject to rent stabilization and cannot be rented for whatever the market will bear.
See this page for worked examples:
http://www.nycrgb.org/html/guidelines/vacancy.html http://www.nycrgb.org/html/guidelines/vacancy.html