New York City Rent Guidelines Board
The New York City Rent Guidelines Board has voted rent can go up 4 percent on one-year leases and 7.75 percent on two-year leases on rent-stabilized apartments.
Under the proposal, a one-year lease could see a rent increase from 3.25 percent to 6.25 percent. A two-year lease could go up from 5 percent to 9.5 percent, according to the rent board.
A preliminary decision was issued Tuesday for raising the rents on rent-stabilized apartments in New York City.