The Community Service Society of New York
04/09/2026 | Press release | Distributed by Public on 04/09/2026 10:21
Press Release: Latest Rent Guidelines Reports Show Rising Landlord Fortunes
April 9th, 2026
Press Release
Latest Rent Guidelines Reports Show Rising Landlord Fortunes
Today the staff of the Rent Guidelines Board presented two new reports that indicate improving economic conditions for rent-stabilized landlords.
The Mortgage Survey Report found that sales were up for buildings with rent-stabilized apartments, in terms of both the number of transactions and the average sales price. This demonstrates that real estate investors continue to view rent-stabilized housing as desirable commodities. In fact, the jump in prices was nearly twice as high for fully rent-stabilized buildings as for the overall stock of rental buildings with at least one stabilized unit. The percentage of non-performing loans is also down, suggesting that a declining share of owners is falling behind on their mortgage payments.
Meanwhile, the Price Index of Operating Costs report includes two important findings. The first is that operating cost increases are primarily driven by rising property tax assessments, which track with rising sales prices. Meanwhile, the second largest leap in operating costs (after fuel) came from rising insurance prices-a problem that is affecting multifamily housing across the country and must be addressed through public policy interventions rather than rent increases.
Together, these two reports indicate that building owners' fortunes remain favorable. Board members can interpret this data as a strong signal that landlords do not need another rent increase.
The Community Service Society of New York (CSS) has worked with and for New Yorkers since 1843 to promote economic opportunity and champion a more equitable city and state. We power change through a strategic combination of research, services, and advocacy to make New York more livable for people facing economic insecurity. www.cssny.org
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