The rental market includes units in rent-stabilized buildings, co-ops and private homes.
Thus rent-controlled and rent-stabilized buildings pay lower taxes than they would in a free market.
Many residents of this 62-unit rent-stabilized building question if there will even be another summer by the sea.
What are the basic conditions for a rent-stabilized building to go condo?
Q I live in a 40-year-old rent-stabilized building with 240 units.
The Mosessons moved into the rent-stabilized building in June 1968.
In rent-stabilized buildings, new leases would no longer be necessary every year or two years.
In another case he was able to change the status of a single-room-occupancy building to a rent-stabilized building.
This is a rent-stabilized building, and I have been here more than 30 years.
There was also a 1.5 percent increase in the tax rate for most rent-stabilized buildings.