Renovation

… recently passed state budget  State legislators raised the cap on the amount a landlord can increase a rentstabilized … rent increases are permanent Previously rent hikes were capped at $83 or $89 for $15000 worth of improvements over … up to $347 in buildings with 35 or fewer units The higher cap is meant to target the units that need the most work …

… mostly studios and one bedrooms  Sometimes you have to gut renovate both units but its nice when you can follow the … its sprawling but has an unappealing layout or undersized kitchen She often sees combinations that are large but have … additional kitchen though you can keep the plumbing for a bathroom or laundry room in place  The DOB reviews your …