Tag: rent-increase

Going up: Rent Guidelines Board approves rent hikes on city’s stabilized units

People wearing bright shirts protesting rent hike

Jun. 30, 2025 By Adam Daly The Rent Guidelines Board voted Monday evening to increase the rent for the city’s nearly one million rent-stabilized apartments, a decision that appeased neither smaller landlords nor tenant activists. Stabilized renters with one-year leases can expect a 3% hike in their rents, while those with two-year leases will…

Northwest Queens sees significant rent and lease growth in January 2025: report

Feb. 14, 2025 By Ethan Marshall Northwest Queens, which includes the neighborhoods of Astoria, Long Island City, Sunnyside and Woodside, experienced year-over-year growth across all price trend indicators during the first month of 2025, according to a report by the real estate firm Douglas Elliman Real Estate. The median rent across northwest Queens increased 6.3% year-over-year,… Read more »