The state agency that oversees roughly one million rent-regulated units in New York, issued a proposed rule change last week that would curb a landlord’s ability to merge regulated units. Read more:
Residential buildings along 3rd Avenue in Manhattan.A state agency is looking to crack down on a loophole in New York state law that has allowed landlords of rent-regulated apartments to combine units and dramatically increase the rent — a legal workaround that regulators have been aware of for more than two years.
“They're basically legislating by regulation,” said Jay Martin, executive director of the Community Housing Improvement Program, which represents about 4,000 owners of mostly rent-regulated apartments.“It's just a catastrophe,” said Martin.Gothamist reported on the agency’s lack of movement on the loophole. DHCR was first made aware of the issue as early as February 2020 and said it would address it then.
The 2019 overhaul of New York’s rent laws strictly limited the ways landlords can raise rents on regulated apartments. As Gothamist previously reported, an East Village landlord combined two rent-stabilized apartments that residents dubbed a “Frankenstein” unit, and listed the new four-bedroom two-bath unit on StreetEasy for $9,000 a month, nearly three times higher than what it would have cost to rent the regulated units separately.
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