DNAinfo reports that over the past two years, more than 28,000 apartments have been restored to their rightful, rent-stabilized status. Though units and buildings can transition to market rate, this usually only happens when significant renovations or updates are made. Instead, some owners simply waited for rent-stabilized tenants to move out, then jacked up the cost of living without making improvements — and then hide the apartment's wallet-friendly status from potential renters.
Fortunately, there are resources for tenants to find out this vital information. You can start by getting a free copy of your rent history from the Division of Housing and Community Renewal. So, even if you find that your rent is supposed to be market rate, you can at least sleep better at night knowing you're not being had.
Head over to DNAinfo, and check out the other actions you can take in finding out if your rent is actually too damn high. (DNAinfo)