Landmarked Properties and Rent Stabilized Units

Landmarked Properties and Rent Stabilized Units

Preservationists have maintained that historic district designation preserves rent stabilized units. REBNY analyzed data prepared by a tenant advocate for rent stabilized units in 2007 and 2014.The analysis shows rent stabilized units are not preserved at higher levels in New York City’s historic districts.  In fact, the analysis shows that between 2007 and 2014, landmarked properties experienced a greater decrease in rent stabilized units (-22.5%) compared to non-landmarked properties(-4.75%). The loss of units was greater in Manhattan (-29.03%) and Brooklyn (-35.03%), the boroughs with the highest number of landmarked properties. The Upper West Side/Central Park West and Greenwich Village/Extension historic districts showed the greatest loss in Manhattan, (-33.1%) and (-25.4%) respectively. Brooklyn Heights and Park Slope showed the greatest loss in Brooklyn,( -35.6%) and (-40.8%) respectively. The following tables show the citywide changes in rent regulated units.

Courtesy REBNY Research: www.REBNY.com