Understanding Rent control and Rent stabilization in NY

[Geovonni Osbourne]

Good afternoon folks, In my daily analyzing of deals i came across an interesting deal that i'm not sure how to project 5yr, 7yr, 10 yrs.  All 14 units are rent stabilized, and rents are significantly under-market. Now my question is how does one work around rent stabilized units (in NY)  to bring them to market if tenants are M-M , as well as how should you underwrite them for both short term exit and long term hold. thanks in advance!