Hit with 30 percent (or higher) rent increases, many NYC tenants are in 'shock'

… upsetting dilemma faced right now by many New York City renters with leases up for renewal Landlords are trying to … much as 50 or 60 percent more Its a far cry from the typical 3 to 5 percent rent increase that NYC marketrate … and it went to a bidding war and rented at $3255 two days later she says The apartment is a 600squarefoot studio she …

By Jennifer White Karp |March 2, 2022 - 12:30PM