Would Zohran Mamdani’s Rent Freeze Keep Rent-Stabilized Apartments Empty?
- asianwavealliance
- 22 hours ago
- 1 min read
"... he [Lee] estimated that it would cost him a hundred and twenty thousand dollars to make the place livable, and, under the current rent-stabilization laws, the most he could charge would be twelve hundred a month—which he said just about covers the operating cost of the apartment but not the renovations."