Property Management
In New York City, the Rent Stabilization Law primarily applies to:
AAll rental apartments regardless of age or rent
BApartments in buildings with six or more units, built before 1974, with rents initially below a certain threshold✓ Correct
COnly single-family homes
DOnly apartments owned by the city
Explanation
NYC Rent Stabilization generally covers apartments in buildings with six or more units built before January 1, 1974, where the initial regulated rent was below the deregulation threshold. Buildings receiving certain tax benefits may also be covered.
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