Board votes to increase rent for rent-stabilized apartments

Posted: Updated:
NEW YORK -

The New York City Rent Guidelines Board voted seven to two to raise rents for residents living in rent-stabilized apartments in all the five boroughs.

The board voted Tuesday to increase rent by 1.25 percent for one-year leases and 2 percent for two-year leases beginning Oct. 1.

Tenant advocate groups, including Rent Justice Coalition, rallied outside the meeting, demanding the board to reduce rent for rent-stabilized apartments.

In April, the board recommended a rent raise between 1 and 3 percent for one-year leases and a 2 to 4 percent raise for two-year leases.

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