Monday, February 7, 2011

The Lucky Break of Rent Stabilization -

THERE are nearly a million rent-stabilized apartments in New York City. Which means that there are at least a million lucky people who know they have relatively low rent that isn’t going to rise too far, too fast. These fortunate souls also know that their leases, especially for apartments in Manhattan and parts of Brooklyn, are worth far more than the paper they are written on, should the landlord or a developer decide to buy tenants out.

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The Lucky Break of Rent Stabilization -

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