April 19, 2022

Rent board staff proposes increase of up to 4.5%

Average hike was 1% under Bill De Blasio

Landlords’ costs jumped across the board from April 2021 to March 2022 except for property taxes, which dropped 3.7% because buildings lost value.
Fuel costs rose the most, 19.6%, insurance at 10.9% & maintenance at 9.2%.

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