need cash for The National

[calvindog]

Originally Posted by David Atkatz

Of course it's a high-end building. Are there any other kind on E. 72nd? He still ain't paying market rates, though.

Tell me, Barry, when you where there, did you run into any of his staff?

A two bedroom on East 72 by the river could be had for 5K. And for rent control, you can make more than 175K a year but not for two years in a row (once the rent exceeds 2K). Lots of renters delay income until the following year to purposely keep their income lower in the year following their 175K+ income year.

[barrysloate]

In a building like mine, which has some rent stabilized and some market value apartments, if I were to move the apartment would destabilize and the next tenant would be charged full market rate. Income has nothing to do with it.

[calvindog]

Originally Posted by barrysloate

In a building like mine, which has some rent stabilized and some market value apartments, if I were to move the apartment would destabilize and the next tenant would be charged full market rate. Income has nothing to do with it.

I think that's a difference between rent stabilization and rent control.

[barrysloate]

That is one of the differences. Also, the rent stabilization board meets once a year, in June, to set the new increases for one and two year leases. When you see clips of landlords and tenants screaming at each other, those are owners and tenants in stabilized buildings. I don't believe rent controlled apartments ever have increases.

[calvindog]

That's true.

Also, it's amazing the concept of rent control...it's like in just a few cities in America.

[Wite3]

Sorry Leon about the address but it was found by using the white pages...

[slidekellyslide]

Originally Posted by calvindog

That's true.

Also, it's amazing the concept of rent control...it's like in just a few cities in America.

So I'm guessing that landlords of rent controlled apartments also get a break in their property taxes?

[brickyardkennedy]

In NYC, landlords of rent-controlled apartments are entitled to 7&1/2 % increases, every year. However, before being granted that raise, they must pay a filing fee for each rent-controlled apartment AND certify that their buildings are free of violations. That's why many rent controlled tenants never see their rents go up, as some landlords don't see it as worth their while.

[calvindog]

Originally Posted by slidekellyslide

So I'm guessing that landlords of rent controlled apartments also get a break in their property taxes?

I suppose but the landlords in NYC are insanely crazy about rent control laws because obviously it makes it impossible for them to maximize their rents. Which is why so many landlords torture their rent controlled tenants in an effort to get them to move out.