{"id":3,"date":"2023-08-28T11:00:00","date_gmt":"2023-08-28T15:00:00","guid":{"rendered":"https:\/\/blog.openigloo.com\/2022\/10\/13\/hello-world\/"},"modified":"2025-02-13T15:29:57","modified_gmt":"2025-02-13T20:29:57","slug":"find-rent-stabilized-apartment-new-york-city","status":"publish","type":"post","link":"https:\/\/blog.openigloo.com\/find-rent-stabilized-apartment-new-york-city\/","title":{"rendered":"How To Find Out If You Have A Rent-Stabilized Apartment In NYC"},"content":{"rendered":"\n
\"Rent-Stabilized<\/figure>\n\n\n\n

We\u2019ve all heard the stories of the New Yorker paying just a few hundred dollars a month for their apartment. Many renters think this is a pipe dream – something that is only available to the New Yorkers who were lucky enough to find a good deal in the 1970s and never leave. When apartment hunting, most renters are thinking about the price, the neighborhood, its accessibility to transit, if it has enough bedrooms, and the list goes on. But rarely do renters specifically try and find a rent-stabilized apartment.<\/p>\n\n\n\n

But you don\u2019t need a time machine to get your hands on a regulated apartment. New York City has an estimated 1 million rent-stabilized apartments (about 44% of all NYC units). Generally, you can expect buildings with six or more units built before 1974 to have rent-stabilized units. But many new construction buildings have stabilized units as well. Developers receive tax abatements from the city in exchange for this stabilization status. <\/p>\n\n\n\n

Even though residents generally praise New York City for being tenant-friendly, many renters struggle to navigate the complex rent regulations. You could live in a rent-stabilized apartment and not know.<\/p>\n\n\n\n

Without knowing if you live in a rent-stabilized apartment, you can\u2019t hold your landlords accountable and could be subject to illegal<\/a> rent increases.<\/p>\n\n\n\n

openigloo<\/a> users have been sharing anonymous reviews about their buildings and landlords. Some renters have shared their experience of learning they were occupying rent-stabilized units and paying more than the legal rent<\/a>. One openigloo user shared, \u201cOur apartment was rent-stabilized, but the landlords didn\u2019t disclose it, overcharged us for years while submitting increases to the NYC government.\u201d<\/p>\n\n\n\n

\"Rent-Stabilized<\/figure>\n\n\n\n

What is a rent-stabilized apartment in NYC, and why should you care about them?<\/h2>\n\n\n\n

The New York State Division of Housing and Community Renewal (DHCR) oversees rent regulation. Rents rose sharply in many postwar buildings in 1969, causing the rent-stabilization system to take effect. Simply, having a rent-stabilized lease means 2 things:<\/p>\n\n\n\n