Sentences with phrase «stabilized apartments»

Fact Sheet # 31b: Guide to Rent Increases for Rent Stabilized Apartments in Westchester County -[PDF version]

Fact Sheet # 31: Guide to Rent Increases for Rent Stabilized Apartments in Nassau County -[PDF version]

Mr. de Blasio stressed that he would not be satisfied with a simple extension of the existing regulations, but called for preventing landlords from removing vacant apartments from the rent control program and from increasing the rent 20 percent on stabilized apartments once they become unoccupied.

But long before Croman found himself in that courtroom — before New York State Attorney General Eric Schneiderman dubbed him the «Bernie Madoff of landlords» — he garnered a reputation as one of the city's most notorious property owners, building the largest multifamily portfolio in the fast - gentrifying East Village and clearing out rent - stabilized apartments as property values skyrocketed.

The city is tracking potentially troubled rent - stabilized apartment buildings with an eye toward influencing how they are transferred following a foreclosure, said Housing Preservation...

The Rent Stabilization Association advocates a slow turnover of stabilized apartments to market - rate, rather than a wholesale switch, Strasburg said.

Property managers seem to have responded to the fear of overbuilding, rather than actual competition that would cause vacancy rates to rise for older, stabilized apartment properties.

«This means that the owners of thousands of rent - stabilized apartments which have been deregulated over the last two decades can rest assured that the rules were followed and these units can remain deregulated.»

At 10 a.m., Housing Rights Initiative and NYC Council Oversight & Investigations Committee Chair Ritchie Torres announce an investigation into Kushner Companies for falsifying permits with the NYC Department of Buildings and the impact it had on reducing the number of rent - stabilized apartments across the city, Kushner Companies Headquarters, 666 Fifth Ave., Manhattan.

Even though only about 13 percent of rent - stabilized apartments turn over each year, a report released on Tuesday by the antipoverty group Community Service Society of New York argued that the vacancy allowance, which has been in place since 1969, is so high that it contributes more to the overall rise in stabilized rents than the annual increases.

The Rent Guidelines Board says most tenants in rent - stabilized apartments spend more than 30 percent of their income on rent and utilities, which is the federal standard for affordable housing.

«Half of all rent increases in the entire city in rent stabilized apartments results from that one law,» Kavanagh said.

Controlling rent - control (1997): As old rent - control protections faced a June 15 expiration, Silver lets the laws expire without ever calling on the lawmakers to debate — then immediately strikes a deal with Republicans to increase rent hikes on empty stabilized apartments.

Landlords will also be held accountable by state housing officials for how much they spend to upgrade rent - stabilized apartments before they're allowed to charge tenants for building improvements.

The city's Rent Guidelines Board is set to vote Monday night on whether to extend the rent freeze for stabilized apartments by another year.

Flanagan said the Senate isn't giving up on its proposal, which he said would ensure that rent - controlled and rent - stabilized apartments go to tenants that need them.

Dozens of people who depend on rent - stabilized apartments said they can not afford any rent increase.

Chief Appeals Court Judge Janet DiFiore overturned a two - year - old ruling in the case of Altman v. 285 West Fourth LLC, which could have given tenants the legal grounds for challenging market - rate rents in formerly stabilized apartments, according to the Commercial Observer.

Also in the Post is a report on the high - profile tenants of the Lenox Terrace apartment complex in Queens, where U.S. Congressman Charles Rangel caught fire for having four rent - stabilized apartments earlier this month.

NEW YORK CITY — Regulations governing how much landlords can charge for the city's roughly 1 million rent stabilized apartments expired at midnight Tuesday.

His wife Judy grew up in Lincoln Towers in the 1960s and»70s, when «a family could get by living in a rent - stabilized apartment living on a teacher's salary,» he said, and the shift away from that affordability has motivated his work.

The op / ed pushes his position on vacancy decontrol — where rent stabilized apartments fall out of regulation when they reach certain rental thresholds — further than his previous remarks.

But Borough President Scott Stringer questioned whether Gluck could back out of his obligation to provide rent - stabilized apartments just because he repaid the tax break.

Equity paid a high $ 367,003 per stabilized apartment unit for the portfolio, or a low capitalization rate is approximately 5.0 percent.

Sonia Rosario («Tenant») lived in a rent - stabilized apartment leased from Diagonal Realty, LLC («Landlord») for over 30 years.

Merchant builders have figured out that high rents and low cap rates makes the business of developing and selling rent stabilized apartment towers very profitable without the marketing costs or risks associated with condominium development.

Services Provided: Chase Commercial Term Lending is the nation's # 1 multifamily lender; providing owners the best financing solutions for purchasing or refinancing stabilized apartment buildings, and industrial, office, retail, and mixed use properties.

Rangel and his campaign have paid a $ 23,000 civil fine after it emerged that he used a rent - stabilized apartment as a campaign office, which effectively amounts to acceptance of campaign contributions beyond the legal limit.

The Rent Stabilization Association, which represents the owners of stabilized apartments, argued that the freeze on one - year stabilized rent increases was politically motivated and didn't take owners» costs into account, as required by law.

The de Blasio administration and the Council are eager to crack down on the illegal hotels because they say they are often run by landlords in rent - stabilized apartment buildings looking to make a quick buck — and exacerbating the affordable housing crisis.

Changes in the rent regulation laws have resulted in what some estimate to be more than 100,000 rent stabilized apartments in New York City becoming «decontrolled» â $ «the rents hiked up to whatever the landlord wants to charge.

At the annual meeting of the Rent Guidelines Board, the landlord trade group plans to ask to city for 4 percent annual rent increases on stabilized apartments.

Under state and city rent regulations, tenants can continue renewing the lease in their rent - stabilized apartments for as long as they use it as a primary residence, and landlords can increase rent only by an annual percentage set by a city board.

Fact Sheet # 31a: Guide to Rent Increases for Rent Stabilized Apartments in Rockland County -[PDF version]

Lancman, a Queens Democrat, said he grew up in a rent stabilized apartment and has about 6,000 to 7,000 of them in his district.

The part where that greedy entitled jerk hoarded FOUR rent stabilized apartments for himself in a poor district where affordable housing is becoming more and more scarce?

The Rent Guidelines Board held a preliminary vote Thursday night on potential rent hikes for New York City's rent - stabilized apartments.

New York City's Rent Guidelines Board met yesterday to begin the annual process of deciding how much rents can increase on the city's one million rent - stabilized apartments.

The Assembly also did not use the expiration of those two programs as a way to strengthen rent regulations to try to stop the hemorrhage of rent - stabilized apartments or put the brakes on mechanisms that landlords use to raise stabilized rents to unaffordable levels.

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.

The landlords also sought to expand income limits to all apartments, so that a billionaire could not rent a $ 1,900 - a-month rent - stabilized apartment.

Landlords plan to ask for rent hikes as high as 7 percent Thursday when the Rent Guidelines Board meets to set this year's preliminary increases for 1 million rent - stabilized apartments...

Rangel was found to have misused federal resources to solicit donations for a City College of New York center named in his honor, used a rent - stabilized apartment for his campaign office, failed to pay taxes on a villa in the Dominican Republic and filed inaccurate financial disclosure forms.

The House Ethics Committee investigated him for using a rent - stabilized apartment and congressional letterhead for campaign activities as well as for failing to disclose personal assets.

Do you live in a rent - stabilized apartment in New York City?

They called for the elimination of a loophole that lets landlords boost rent by 20 percent when tenants vacate a rent - stabilized apartment, as well as a rule that removes units from rent regulations once the rent gets high enough, allowing units to go to market - rate prices.

A House investigative committee is charging Rangel with ethics violations, stemming from a nearly two - year investigation into his finances, his failure to report rental income from a villa he owns in the Dominican Republic, his use of multiple rent - stabilized apartments, and his efforts to fundraise for a City College center named after him.

He called universal pre-kindergarten and rent freezes for rent - stabilized apartments the only two progressive things the mayor has done, criticizing his non-committal stance on providing reduced transit fares as «regressive.»