The management of 50 West 97th Street refuses to offer for rent 9 vacant rent stabilized apartments. The management is just warehousing them. And that's just one building.
Coincidentally (?!), a group of owners of rent stabilized buildings just offered Gov. Hochul to put 20,000 such apartments back on the market IF the state would roll back some rent protections tenants won in 2019.
So landlords are creating a fake shortage of apartments, and then offering to relieve it if the state will let them double the rents every 5 years by permitting vacancy bonuses again. (In the past, landlords got a 20% increase every time a rent stabilized apartment became vacant. If tenants were harassed out by certain landlords, that could mean a new tenant every year - and that would result in a 100% rent increase without the landlord even having to slap on a coat of paint.)
Tonight the Coalition to End Apartment Warehousing is hosting a Zoom Town Hall about this issue. Join us!
Zoom link: https://us06web.zoom.us/j/
By phone: 646 558 8656 (meeting ID: 83569891685#)