New York City’s Rent Guidelines Board opened this year’s rent-setting season Thursday with a new financial report showing landlord income rising for a third straight year citywide — and disagreements about what that really means.
The first public hearing of the board that Mayor Zohran Mamdani reshaped earlier this year quickly evolved into an argument over whether those headline gains say much about the older, fully rent-stabilized buildings at the center of the city’s housing debate.
