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Gothamist: NYC’s rent-stabilized tenants face increase as high as 7.75% under preliminary board vote

Gothamist: NYC’s rent-stabilized tenants face increase as high as 7.75% under preliminary board vote

The panel that sets rent for tenants in roughly 1 million regulated apartments is considering an increase of 1.75 to 4.25% on new one-year leases and 4.75 to 7.75% on two-year leases.

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