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Rent Guidelines Board says buildings’ net income climbed by 6% #shorts

3/30/2026, 2:52:25 PM
Zohran Mamdani’s Rent Guidelines Board says the average rent-stabilized landlord is doing just fine. The RGB just released its annual report on landlord profits and expenses, which finds that for NYC buildings containing rent-stabilized units, average Net Operating Income rose 6.2% from 2023 to 2024. Mamdani and tenant advocates say this bolsters the case for a rent freeze, while landlord representatives say the number is misleading.
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