Help for rent-stabilized landlords appears unlikely as Mamdani’s board kicks off

Data released by New York’s Rent Guidelines Board, which sets rent increases in the city’s nearly 1 million regulated apartments, is something of an Rorschach test. Everyone sees what they want to see.  Tenant advocates seize on the topline number: a 6.2 percent increase in net operating income across the city’s rent-stabilized buildings, marking the third year that reported number has been positive. Low-income tenants are hurting, they say, and landlords can afford the freeze. Landlord groups look deeper for their talking points. Not only does net operating income not include major capital expenses and debt service, they note in […] This article originally appeared on The Real Deal. Click here to read the full story.