Landlords Get Tough In New York's Condo Conversions

Weakened rent stabilization laws help landlords evict market-rate tenants. In Manhattan, more than 7,000 apartments are slated for conversion.

Affluent elderly renters are unwillingly leaving Upper East Side apartments. Gail Amsterdam, who is trying to help her mother and uncle stay in their market-rate apartment says: "I don't understand why nobody is standing up for elderly people who cannot stand up for themselves." New York is a renter city; in Manhattan, three-quarters of all households rent. Manhattan's March vacancy rate was 0.75%. Building owners claim that they are allowed to evict market-rate tenants while the condominium conversion plan works its way through the approval process. Meanwhile, lawyers for tenants are in Housing Court challenging this interpretation.

Full Story: As New York Apartments Become Condos, Tenants Are Stuck in the Middle


Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.