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Shimon Shkury in Forbes

5 Ways To Help Rent-Stabilized Tenants In NYC

While many landlords lost under 2019's HSTPA, tenants did not really win either. Rent-stabilized tenants now live in apartment buildings that are likely to deteriorate over time, and the Rent Guidelines Board will have to increase annual lease renewals to keep up with costs, and these potentially significant rent hikes can negatively affect current rent-stabilized tenants.

Our Latest Research

Multifamily Month In Review: New York City | July 2020

In July, the NYC multifamily market achieved $293 million in gross consideration across 20 transactions. Comparative to June, there were only 4 fewer sales, representing a 17% decrease in transaction volume. Despite fewer transactions, there was virtually no difference in dollar volume. When analyzing year-over-year metrics, there were 3 more transactions and a 48% increase in building volume this month than in July 2019.

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