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 stabilized units in New … not feel so happy when the see the phrase major capital improvements Thats the term used for upgrades that justify a … city defines an MCI as an improvement benefiting all the tenants in the building MCIs also need to involve …

By Celia Young |September 11, 2024 - 10:30AM
I'm a rent-stabilized tenant and I got a MCI increase lowered by $159,000 for my building

… J ulia Campanelli has lived in her rentstabilized apartment on West 34th between Ninth and … for 30 years Some of her buildings 134 units are rentcontrolled or market rate but more than half are … schedules Then I made an application to the Department of Housing and Community Renewal which approves a landlords …

By Nikki M. Mascali |May 16, 2019 - 12:00PM