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Updated about 7 years ago,

Isaac El's profile image
Isaac El's profile image
Isaac El
  • from Springfield Gardens, New York
  • Member since Oct 14, 2017
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258
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Isaac El's profile image
Isaac El's profile image
Isaac El
  • from Springfield Gardens, New York
  • Member since Oct 14, 2017
Connect
Isaac El
  • Springfield Gardens, NY
63
Votes |
258
Posts
Questions About BiggerPockets & Official Site Announcements

Rent stabilized question, NYC

Isaac El
  • Springfield Gardens, NY
Posted

Hi,  looking at a multi family building in Manhattan, the entire building has rent stabilized tenants.  Have a few questions.

The seller said of the 32 apartments, 3 will be delivered vacant

1. Can I renovate and offer at free market rent?

2. The current stabilized tenants, how much are you allowed to increase annually?

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