Is there any limit for rate control rental apt .in NYC?

Question

Hi everyone,

I rented a rate control Apt. in NYC for $1700 a few years ago, now after years the rent reached $1975. I heard that when the rent passes $2000 limit, the Apt. would not be rate control and the landlord can jack up the rent as much as he want. Is that true? Could you provide me with more info? I thank everyone.

Anne

Answer 1

check with the nyc housing authority--what they tell you will be more valid than what someone here may say.