How do you know if your building on housing lottery is rent stabilized (New York: apartment)

[Mm7888]

Hi I was contacted by 130%ami waitlisted for 505 w54st New York ny 10019 apt
I was submitted load of documents and almost at final stage but saw post of people that got apartment with 130%ami and rent increase by a lot.
How do I know if my building or my unit is rent stabilized? Shoudl I ask Market agent about rent increase or rent stabilized rider?
I want to be prepared before I jump into it.

This building is part of 421a 17 tax exempt- so I’m not sure if this is a guarantee for rent stabilized unit.

What questions shoudl I ask and who should I ask?
At this point they didn’t show me an apartment yet.
I am currently on my third round of documents submission.

[stormgal]

I would ask, but that information should also be on your lease.

[gmora95]

If it's publicly stated that the lottery is part of 421(a), it's pretty safe to assume that you will be receiving a rent stabilized lease. Landlords rent out these stabilized units through the affordable housing lottery in exchange for reduced property taxes.

Since the specific lottery that you mentioned isn't a new construction lottery, I would ask the marketing agent (whose contact info you can see through the Housing Connect portal) when the stabilization period would end. If the period only lasts 20 years after construction and you move into a 15-year-old apartment, that's worth keeping in mind.

[randomperson2]

Note that sometimes the period lasts until the last RS tenant who moved in during the RS period moves out. E.g., where I live, I will continue to enjoy RS benefits even if I stay there past the end of the period. So would anyone who follows me if I move out, up to the first tenant who moves in AFTER the RS period ends. This is a little confusing, so you want to make sure anyone you ask is clear on that distinction (it will also be on your lease). If this scenario applies to you, you don't need to worry about when the RS period might end.