Is It Wise to Bet on a Mamdani Rent Freeze When Renewing a NYC Lease?
Rent-stabilized tenants must choose between a 3% one-year renewal and a 4.5% two-year renewal while Mayor Mamdani promises a rent freeze and RGB reform. Timing is uncertain, so the better option hinges on your risk tolerance and beliefs about whether the freeze will take effect before the 2027 lease is signed.