Nassau rent board approves modest increases for regulated apartments
As a rent freeze looms over New York City, rent-stabilized tenants in Nassau County dodged steep hikes this year but stopped short of a solid freeze. The Nassau County Rent Guidelines Board voted 5-2 on Wednesday to approve rent increases of up to 1.5 percent for one-year lease renewals and 2.5 percent for two-year renewals at regulated apartments, according to Newsday. The rates take effect Oct. 1 and apply to the county’s roughly 8,100 rent-stabilized units. The final figures land below last year’s approved increases of 2 percent for one-year leases and 3 percent for two-year leases. The board has […]
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