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Topic: rent

Residential buildings in New York City
Business
Friday, 6/26, 09:12 PM

New York City Freezes Rents for One Million Stabilized Apartments

  • A New York City board has voted to freeze rents on about one million rent-stabilized apartments, delivering on a signature promise of Mayor Zohran Mamdani.
  • Tenant advocates hailed relief in a costly market; landlords warned it would starve aging buildings of repair funds.

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