NYC rents going up again for stabilized apartments; what the Rent Guidelines Board vote means for 1.1 million tenants

The Rent Guidelines Board voted Monday night to increase the rent for more than 1 million rent-stabilized tenants in the face of infuriated advocates who protested the decision.

Hundreds took to the streets on the Upper East Side with dozens blocking the entrance to Hunter College where the board — a nine-member mix of tenant, owner and public representatives appointed by the mayor — voted 5-4 to approve a 2.75% increase for one-year leases and 5.25% for two-year leases.