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ICYMI: In Case You Missed It
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New Player Enters Debate Over Vacant Rent Stabilized Apartments
Can tenants and landlords just get along?
A landlord-backed group says they’ll put it to the test. Unlock Our Housing NYC, a new nonprofit founded by property owner advocate Jay Martin, says there’s common ground for landlords and tenants on one issue: the tens of thousands of vacant rent stabilized apartments in the city.
In the midst of a housing shortage, the vacancies have frustrated landlords of rent stabilized units, who say that their buildings don’t have the money to fix and lease out the apartments, and tenants, who bemoan the lost affordable housing. The average rent collected in a rent stabilized apartment was $1,681 in 2024, according to data from the Rent Guidelines Board.
“These apartments are vacant, and that we think that they should not be, and that people need to be living in them. And for that to be solved, then you have to address the problem in the first place and acknowledge that it exists,” said Martin.
But some tenant advocates aren’t buying it. “The amount of money that landlords seem to be able to spend to try and convince renters that rent hikes are actually going to be good for them continues to astound me,” said Sumathy Kumar, director of Housing Justice for All.
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What's ahead this week in housing: The Department of City Planning will hold an “Insights & Visioning Workshop” Tuesday night to gather input on its plan to promote new housing south of Brooklyn’s Prospect Park (aka the South of Prospect Neighborhood Plan).
See more in our weekly NYC Housing Calendar ([link removed])
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