Comments on: MTA celebrates leasing their very first Second Ave. apartment http://secondavenuesagas.com/2007/10/03/mta-celebrates-leasing-their-very-first-second-ave-apartment/ A New York City Subway Blog Sat, 20 Mar 2010 23:32:17 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Dave Rosenstein http://secondavenuesagas.com/2007/10/03/mta-celebrates-leasing-their-very-first-second-ave-apartment/#comment-1496 Dave Rosenstein Thu, 04 Oct 2007 18:04:05 +0000 http://secondavenuesagas.com/2007/10/03/mta-celebrates-leasing-their-very-first-second-ave-apartment/#comment-1496 Just a minor editorial correction. There are no more "rent-controlled" apartments available for rent, though there are still some that have been occupied since 1972, when rent control (a WWII measure) was essentially ended. After 1972, apartments would lose that status when they are vacated ("vacancy decontrol"). The proper term your reporter uses should be either "rent-regulated" (more general) or "rent-stabilized," the actual type of regulated apartments still available for rent in NYC. The next tier is "market rate" or basically, unregulated apartments, where there is not even a certainty of getting a new lease and no controls at all on how much of an increase that new lease might contain. DAVE Just a minor editorial correction. There are no more “rent-controlled” apartments available for rent, though there are still some that have been occupied since 1972, when rent control (a WWII measure) was essentially ended. After 1972, apartments would lose that status when they are vacated (“vacancy decontrol”).

The proper term your reporter uses should be either “rent-regulated” (more general) or “rent-stabilized,” the actual type of regulated apartments still available for rent in NYC.

The next tier is “market rate” or basically, unregulated apartments, where there is not even a certainty of getting a new lease and no controls at all on how much of an increase that new lease might contain.

DAVE

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