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New rent-regulation rules approved

By Teri Karush Rogers | June 27, 2011 - 9:28AM

Somewhat muffled by the legalization of same-sex marriage bill on Friday, the New York State legislature also, as expected, passed new rules on rent-stabilization.  The new rules raise the threshold for removing apartments from rent stabilization to $2,500 a month, up from $2,000.  And tenants who earn up to $200,000 a year can rent a stabilized apartment, up from $175,000.  What does this really mean? It's a mixed bag for renters--read last week's post for the lowdown.

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Teri Karush Rogers

Founder & Publisher

Founder and publisher Teri Karush Rogers launched Brick Underground in 2009. As a freelance journalist, she covered New York City real estate for the The New York Times. Teri has been featured as an expert on New York City residential real estate by The New York Times, New York Daily News, amNew York, NBC Nightly News, The Real Deal, Business Insider, the Huffington Post, and NY1 News, among others. Teri holds a BA in journalism and a law degree from New York University. 

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