Stiffing landlords is killing NYC’s housing market

Rent Guidelines Board gave preliminary approval to rent increases of 1.75% to 4.75% . Board will settle on final numbers next month , but even if it opts for the highest of those ranges, landlords won’t be able to keep up with rising costs for rent-stabilized units.

Gov. Andrew Cuomo ’s 2019 rent law slammed owners with even more financial hardships.