More than 100,000 rent-regulated apts. may go market-rate

Council members Helen Rosenthal, Mark Levine, Jumaane Williams, Andy King, and Corey Johnson call for an end to vacancy decontrol last month

Vacancy decontrol could cost the city roughly 100,000 affordable apartments.

Most of the rent-regulated apartments likely to be impacted are in the city’s most expensive areas — such as Tribeca — much to the chagrin of affordable housing advocates, the New York Daily News reported. Some rents could rise to $4,000 a month. (more…)