RENT HIKE FREEZE, YET TAXES AND COSTS RISE

Posted by Leonard Steinberg on June 30th, 2015 The City Rent Guidelines Board ordered a freeze on rent hikes for rent stabilized apartments for the first time in history. It froze rents for 1-year leases and capped increases on 2-year leases at 2%. ┬áReal estate taxes are however rising around 13% and water-rates are rising… [Read More]