NYC Rent Board Study: Landlords' Income Rises, Tenants Struggle
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York City Mayor Zohran Mamdanis rent freeze promise for nearly one million regulated apartments hangs in the balance as the Rent Guidelines Board releases a study showing landlords net operating income rose six point two percent from 2023 to 2024. Tenant advocates push for a rent freeze due to stagnant wages and rising living costs, while landlord groups argue the numbers are misleading. The boards preliminary vote is in May, with the final decision in June, setting up a real test for the mayors appointees.
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