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QueerDuck

(2,216 posts)
Mon Jun 29, 2026, 08:53 AM 6 hrs ago

Landlords say rent stabilization laws force him to leave apartments vacant (PIX-11 News)



Jun 25, 2026 --- Right now the housing crisis in New York City is worse than ever with vacancies at historic lows and rental prices at historic highs.
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SSJVegeta

(3,437 posts)
1. Without clicking the headline suggests there will be a lot of privileged whining
Mon Jun 29, 2026, 09:01 AM
6 hrs ago

Thats my opinion as a landlord myself.

Scrivener7

(60,400 posts)
2. Looks like the landlord let it go for decades. Lead paint remediation laws went into effect 22 years ago.
Mon Jun 29, 2026, 09:02 AM
6 hrs ago

And all you really have to do is paint over it with a sealant. Was he planning to rent the apartment without painting it?

That red carpet looks like it's from the 20s.

How long has it been empty? And how long did he have tenants living like that?

And how many tenants WERE evicted so the landlord could get the outlawed 20% vacancy bump?

Sorry. Not sorry.

CrispyQ

(41,199 posts)
3. There's a mess on the wall right by the front door. And is that a band-aid stuck to the wall? Ick!
Mon Jun 29, 2026, 09:16 AM
5 hrs ago

I was the office manager at a contractor's office & he also owned over a dozen duplex units. He was such an excellent landlord, we had a long list of names of people to call when there was a vacancy, which wasn't often. All his units had a washer/dryer & he took care of maintenance & had a regular schedule for carpet cleaning & painting. His longest renter had been there 9 years & there were several over 5 years. One renter lived in 3 different units over the years. I worked for him for 3 years & he raised the rent $50 a month once. Having rented for 10 years myself, he was an exception, for sure!

Manatee

(67 posts)
6. It pays
Mon Jun 29, 2026, 09:48 AM
5 hrs ago

the first and last month's rent, and covers any possible damages caused while you lived there.

Deuxcents

(28,284 posts)
5. If landlords can't afford to keep up with codes, they should get out of the business.
Mon Jun 29, 2026, 09:48 AM
5 hrs ago

They could get units up to code and work with the tenants and some kind of sweat equity where the tenant could paint, cleaning in exchange for a security deposit or work out an agreement where both have a stake to live there. Seems one sided to me with loopholes and just sitting empty is worse.

DET

(2,673 posts)
9. Not Practical
Mon Jun 29, 2026, 12:43 PM
2 hrs ago

Lead and asbestos remediation is not a job for someone who knows nothing about those substances, let alone the building codes pertaining to them. Professional remediation can easily cost 10k and up. There could be a bunch of code violations in those ancient apartments. Not something you want a tenant working on. Skilled workers are expensive. The cost to bring a place like that shown up to current code could be prohibitive. And that doesn’t include aesthetic improvements (new paint, new carpet, new appliances, etc.).

karynnj

(61,233 posts)
12. Maybe they should lobby for a provision that lets
Mon Jun 29, 2026, 02:52 PM
23 min ago

them get a reasonable increase after a major renovation to improve the quality. This could involve a City/landlord process to identify needed fixes, pre work agreement on new rent, and verification that work has been done.

In this video a pretty shabby apartment is renting for $891. If that apartment was up to code and clean, it might be worth it for the city to allow a reasonable raise.

However, the landlord should have done this maintenance over time, having a capital improvements budget as part of his expenses. Doing nothing suggests that he is a slum lord.

The other thing is this has little to do with the rent freeze as the apartment has been vacant for some time. I wonder how many apartments in this building are vacant. If the number is large, I think they might be planning a gentrification project with few people getting insider offers.

Deuxcents

(28,284 posts)
14. I get it..I'm not suggesting tenants clean up hazardous materials. I am suggesting there are projects
Mon Jun 29, 2026, 03:01 PM
14 min ago

That can be shared so there’s some kind of way it can benefit both landlord and tenant. These buildings sitting empty that are seriously out of code will have to face some kind of demolition as I don’t think they can just be there getting worse as the elements rot out the building even more.

karynnj

(61,233 posts)
10. How could it ever be more profitable to keep apartments vacant?
Mon Jun 29, 2026, 02:28 PM
47 min ago

Especially with the costs in NYC! I assume that maintenance of the entire building stays pretty much the same. I also assume whatever mortgage the lender holders stays the same.

What additional ( marginal) costs for renting out a vacant apartments could be higher than the rent received?

QueerDuck

(2,216 posts)
11. The question you're asking is based on a false premise...
Mon Jun 29, 2026, 02:49 PM
26 min ago

... I think the reality is that his keeping an apartment vacant is not more profitable than renting it out. However, keeping it vacant represents a strategy to minimize active financial losses under specific laws and regulations.

I imagine that lead and asbestos remediation would cost $80,000 or $100,000 per unit. There's really not a one-size-fits-all solution.

karynnj

(61,233 posts)
13. Thanks, but wouldn't that be the case for the currently
Mon Jun 29, 2026, 02:55 PM
20 min ago

rented apartments themselves? I would bet it is not just the vacant apartment that is not up to code.

QueerDuck

(2,216 posts)
15. I believe the legal triggers for occupied apartments are completely different from vacant ones.
Mon Jun 29, 2026, 03:02 PM
13 min ago

It's my understanding (and based on a quick google search) that housing laws treat occupied and vacant apartments completely differently. Occupied units are generally 'grandfathered' in as long as there are no active, visible hazards like peeling paint.

The massive expenses of removal and mitigation only kick in upon turnover. When an apartment goes vacant, the landlord is legally mandated to bring the entire unit up to modern code before re-renting it.

So, basically... an occupied apartment might have old infrastructure that is legally allowed to stay, while the vacant one next door is legally blocked from being rented until a six-figure remediation happens.

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