Property Management
In New York City, rent stabilization applies to most residential rental apartments in buildings:
ABuilt before 1947 with 6 or more units
BWith 6 or more units built before 1974, or buildings receiving certain tax benefits✓ Correct
CIn Manhattan only, regardless of building size
DWith 20 or more units built after 1969
Explanation
NYC rent stabilization generally covers apartments in buildings with 6 or more units built before January 1, 1974 (except those with certain exemptions). Buildings that receive certain tax benefits (like 421-a) may also be subject to rent stabilization regardless of construction date.
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