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I was just wondering how many of you live in Rent Stabilized apartments and in which neighborhood? According to the city, there are over a million rent stabilized apartments in NYC alone. Also, are you paying the legal maximum rate (the most your landlord can charge) or a "preferential rent", where the landlord could charge more (the legal maximum rent), but doesn't because the market rates in the neighborhood go for less?
Me first: My apartment was rent stabilized before our building went into a co-op conversion and I bought my unit. I was paying preferential rent of $1,600 (legal rent was $1,950) in Hamilton Heights West Harlem for a large two-bedroom that was gut renovated. Rents have gone through the roof around here since I bought several years ago. I'm sure I'd be paying the maximum legal rent if I was still renting (the landlord can change or eliminate preferential rent when renewing a lease). With the current increases since I bought, I'd probably be paying around $2,050, but still well under what unregulated two-bedrooms go for around here these days.
Wow, that is really old school. You must be paying like $100 a month.
Don't kid yourself. It depends what they do to the building. My aunt is rent stabilized, in the same UES apartment since BIRTH and pays $1,000. No renovation, either.
My last apartment was rent stabilized in Queens, $1,600.
stabilized in bay terrace . my wife is here decades . just under market because of all the capital improvements over the years . about 24k a year for 2 bedroom 2 bath
Don't kid yourself. It depends what they do to the building. My aunt is rent stabilized, in the same UES apartment since BIRTH and pays $1,000. No renovation, either.
My last apartment was rent stabilized in Queens, $1,600.
The person I was replying to had a rent CONTROLLED apartment. That is like the golden ticket. Less than 1% of NYC apartments are RC and they can only be passed on to a family member. Stabilized apartments came after.
Rent stabilized, 2 bedroom, 1 bath in the Bronx, off the Grand Concourse. BF and I pay preferential rent of $1750, legal rent is $2473.07. That legal amount is insane for the area but the apartment is newly renovated with a washer and dryer and huge.
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