Don't let a historic rent freeze fool you: the city's history with rent stabilization is fraught, complex, and not always supportive. One common complaintthat the de Blasio administration is trying to fixis that de-stabilization is all too easy. Basically, a landlord can deregulate an apartment when tenants' rent and income reach certain thresholds; for the former, it's $2,500, and for the latter, it's $200,000. As New York City rents hit new highs, it's obviously in landlords' interests to charge market-rate rents and reap the profits. But these figures aren't tracked, as Gothamist explains, and so a man named John Kraus has spearheaded the creation of a rainbow-colored interactive map showing where across New York City apartments were de-stabilized between 2007 and 2014. He and his team used tax bills as a basis for the data, which is open-source.
According to Gothamist's analysis, and a closer examination of the map, the Upper East Side and the East Village-Lower East Side swath are two areas deregulation has hit the hardest. The opposite is a green-hued place like Stuy Town, where apartments were re-regulated in 2009.
Those tell-tale red, orange, and yellow dots, which signify the loss of rent-stabilized apartments "also loom over downtown Brooklyn out to Park Slope and Crown Heights; Williamsburg, Greenpoint, and Bushwick; and the Astoria-Long Island City area. Which neighborhoods are likely to be next?" Head over to Gothamist for a full explanation of the map and their projections for the future.
· Interactive Map Shows NYC's Disappearing Rent-Stabilized Apartments [Gothamist]
· All Rent Regulation and Rent Stabilization coverage [Curbed]