NYC’s rent-control laws, explained in one chart

Washington Heights, Inwood have highest share of stabilized units: Trulia

New York /
Aug.August 20, 2015 05:40 PM

As New York’s apartment prices skyrocket, rent control has become increasingly important in keeping the city affordable. Mayor de Blasio is a vocal advocate of the system, and just Wednesday defended the Rent Guidelines Board’s decision to freeze rents on one-year leases for stabilized units starting Oct. 12. But the system is also notoriously complicated. Thankfully, listings service Trulia has released a handy chart explaining the many rules keeping New York’s rents in check.

And here’s Trulia’s map of Manhattan neighborhoods with the highest ratio of rent-controlled units, Inwood and Washington Heights have the largest concentration of regulated units.

“This is primarily because these cheaper neighborhoods have more units that would rent for less than the $2,700 threshold (remember: units that rent for more than $2,700 become deregulated),” explained the Trulia report’s authors. “These days, finding units that rent for under $2,700 are rare in expensive neighborhoods such as Tribeca and the West Village, making it less likely for new renters to find rent-stabilized apartments.”


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

New NYC rent law “beginning to shut down investment”
Charles Kushner and 18 Sidney Place (18 Sidney Place via StreetEasy)

Tenants get class-action status against Kushner in Brooklyn rent case

Tenants get class-action status against Kushner in Brooklyn rent case
A new report argues that distress and declining values in rental properties is an opportunity for decommodification of multifamily buildings. (iStock; Chart via Furman Center)

Tenant group sees opportunity in multifamily foreclosures: report

Tenant group sees opportunity in multifamily foreclosures: report
Bronx Assembly member Jeffrey Dinowitz and Gov. Andrew Cuomo (Getty)

Landlords face hard deadline on court-ordered building repairs

Landlords face hard deadline on court-ordered building repairs
New York Community Bank president Joseph Ficalora (Facebook; iStock)

NYC’s largest multifamily lender says rent collections are at pre-pandemic levels

NYC’s largest multifamily lender says rent collections are at pre-pandemic levels
New York Attorney General Letitia James and 63-36 99th Street in Rego Park (Getty; StreetEasy)

“Not on my watch”: AG Tish James fines developers who violated 421a

“Not on my watch”: AG Tish James fines developers who violated 421a
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...