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.
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 after 5 or so years 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!
6:30 PM.
Zoom link:
https://us06web.zoom.us/j/
By phone: 646 558 8656 (meeting ID: 83569891685#)
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