They have criticized the measure, which would up the vacancy decontrol threshold for when apartments re enter the open market by just $ 200, to a rate of $ 2700 a month. (wamc.org)
Once a stabilized apartment hits the vacancy decontrol threshold — currently set at $ 2,733 — the apartment comes out of the rent stabilization system and the state protections that keep that apartment affordable disappear. (cynthiafornewyork.com)
He'll announce at a press conference today that he made the decision based on assurances from Dem leadership that key bills he supports, including drug and alcohol testing for police officers who shoot civilians, and ending vacancy rent decontrol will make it to the floor. (nymag.com)