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Empty Apartments Rising in NYC | New York City News
Empty rent-stabilized apartments in New York City are on the rise across all boroughs except Manhattan, sparking concern as landlords grapple with rising costs, limited rent increases, and the aftermath of eviction moratoriums. While vacancies may stem from tenant turnover, new construction, or aging buildings needing costly repairs, the trend highlights a deeper crisis: owners can’t afford upkeep without the ability to raise rents, especially as the Rent Guidelines Board just approved a freeze. The data doesn’t tell the whole story, but the growing number of vacant units signals a pressing…
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