What is a 'major capital improvement' and how does it affect the rent?

… While you want our apartment to be kept in good condition tenants of rent controlled or … rent even in the middle of a lease The city defines an MCI as an improvement benefiting all the tenants in the … … Rent hikes are capped … For rent stabilized apartments in NYC 6 percent is the maximum annual rent increase allowed …

By Celia Young |September 11, 2024 - 10:30AM
What’s the average flip tax for a condo or co-op in New York City?

… … If you own your apartment youre probably already familiar with the myriad fees that come with buying in New York City But theres one more cost you should watch out …

By Celia Young |April 1, 2024 - 2:30PM