Stabilized landlords’ incomes rise by 12%, complicating push for rent hike
Owners of rent-stabilized housing saw their net revenues grow by 12% citywide in the most recent period, according to a closely watched Rent Guidelines Board report released Thursday. Tenant advocates say the growth should stave off major rent hikes this year, while landlord groups say the finding conceals severe distress in older buildings outside Manhattan. […]
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