Unlock these units: High numbers of vacant stabilized units are worrisome, but need context ...Middle East

NY Daily News - Opinion
source : NY Daily News ( Middle East ) () 47
There are serious impediments to getting empty rent-stabilized apartments back on the market, including what can be significant capital costs to refurbish a unit that might have had a longtime tenant. Blame the one-two punch of years of wear-and-tear and landlords’ legal inability, courtesy of 2019′s Housing Stability and Tenant Protection Act, to raise rents to offset outlays.

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