In a vote affecting the roughly million New York households in rent stabilized apartments, the New York City Rent Guidelines Board voted Monday night to allow rent increases of 2.75% for one-year leases and 5.25% for two-year leases beginning Oct. 1.  The five-to-four vote capped a contentious voting session, part of an annual process in […]

The post Rent Board Approves 2.75% Hike on One-Year Leases and 5.25% for Two Years in Contentious Vote appeared first on THE CITY - NYC News.