major capital improvements

construction workers standing on a street in New York

What is a 'major capital improvement' and how does it affect the rent?

… of themits the technique used to fill joints in the brickwork or masonry of exterior wallsand it does fall within the … gritty of MCIs … To qualify as an MCI the city requires the work to relate to the operation preservation and maintenance … fixtures in the hopes of putting up the rent There are 27 categories on the list including rewiring intercom …

By Celia Young |September 11, 2024 - 10:30AM

Troubleshooting

By Alanna Schubach |January 18, 2022 - 12:30PM

Affordable Housing

I renewed my lease with no rent increase. Why do I have to pay extra for a new major capital improvement?

By Alanna Schubach |November 15, 2021 - 12:30PM

Roommates + Landlords

Ask Sam: Should my neighbors and I hire a lawyer to deal with a possible rent increase for an elevator repair?

Sponsored By Himmelstein McConnell Gribben & Joseph LLP |March 4, 2020 - 10:00AM

Roommates + Landlords

Ask Sam: What's a 'major capital improvement,' and does it really mean my landlord can raise the rent?

Sponsored By Himmelstein McConnell Gribben & Joseph LLP |February 19, 2020 - 10:00AM

Rent

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 … renters dont have such as a cap on how much their rent can increase Upgrades to individual apartments and major capital … a block association trying to fight this and plans to put a residential building up on Dyer Avenue over the Lincoln …

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