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NYC Stabilized Tenants to See Third Round of Rent Hikes in Adams Era

Tenants across roughly 1 million New York City apartments are facing rent increases of 2.75 percent on one-year leases and 5.25 percent on two-year leases, following a Rent Guidelines Board vote in an unusually empty Manhattan auditorium Monday night.

Organizations whose members typically pack the annual vote, and chant to disrupt it, opted instead to picket outside while some blocked an entrance to Hunter College’s Assembly Hall. Ten people were arrested, according to the NYPD, including state Assemblymembers Marcela Mitaynes and Zohran Mamdani.

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