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Lifestyles of the Rent-Stabilized

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Renters in a 120-unit affordable building on the Upper West Side are taking a stand against their new landlord, who wants to raise rents by 40 percent over the next three years. Independence House, on 94th Street, is regulated by Mitchell-Lama laws, with studios averaging $499/month and one-bedrooms for $734. The landlord, who bought the property for $13.8 million in 2013, says it needs $300,000 in repairs annually. The city is currently reviewing the proposed rent hike and claimed costs; in any case, there has to be a (probably very packed) public hearing before anything is approved. [NYDN]