Anyone who’s ever watched a sitcom set in New York City has always wondered how the characters can possibly afford to live there on their salaries (ahem, Friends and Sex and the City). It’s usually explained by a throwaway line about a rent-stabilized apartment, but very few viewers know what that truly is. According to The New York Times, it is “the holy grail of New York living”: The Rent Guidelines Board, not an arbitrary landlord, sets the prices on these apartments, which are generally located in buildings that were raised before 1974. The prices are dramatically lower than other apartments in the neighborhood, and rents are only able to be increased by a certain amount, if at all.
For most New Yorkers, rent-stabilized apartments are a rare, mystical creature that many have spoken of but no one has ever seen. People who have moved into them are understandably reluctant to move out, and it is important to note that just because one unit in a building is rent-stabilized does not mean that all other apartments are. But unlike unicorns and fairies, the existence of rent-stabilized apartments can be proven. The following apartments all over New York are rent-stabilized and come in at prices thought to have gone the way of the Checker cab.
For most New Yorkers, rent-stabilized apartments are a rare, mystical creature that many have spoken of but no one has ever seen. People who have moved into them are understandably reluctant to move out, and it is important to note that just because one unit in a building is rent-stabilized does not mean that all other apartments are. But unlike unicorns and fairies, the existence of rent-stabilized apartments can be proven. The following apartments all over New York are rent-stabilized and come in at prices thought to have gone the way of the Checker cab.
In this article:
405 West 50th Street via Brown Harris Stevens
Just two flights up, this south-facing one-bedroom has recently been renovated. Improvements include new floors, new bath, and new kitchen with stainless steel appliances. See further details here.
31 East 127th Street via Sotheby's
North-facing two-bedroom home features high ceilings, recessed lighting, and excellent storage space. A separate kitchen is outfitted with breakfast bar, microwave, dishwasher, washer/dryer, and stone countertops. See further details here.
473 West 158th Street via Citi Habitats
Gut-renovated two-bedroom apartment features stainless steel appliances, beautiful natural light, and hardwood floors. Building amenities include live-in super, elevator, and new key-card washers and dryers. See further details here.
446 West 49th Street via Citi Habitats
Freshly painted and prepped for immediate move in, this rent-stabilized dream has a north facing living room with a beautiful armoire. The eat-in kitchen has been updated with new appliances. See further details here.
2775 East 16th Street via Douglas Elliman
Sheepshead Bay is on the rise, and this apartment is right in the heart of it. Features include hardwood floors, offset dining room, and generous closet space. See further details here.
1069 Lafayette Avenue via Douglas Elliman
Enter this home in the heart of Bedford-Stuyvesant into a spacious living area. The kitchen and bathroom are newly renovated. See further details here.
5550 Netherland Avenue via Living Real Estate Group
Gut-renovated one-bedroom boasts new hardwood flooring, updated marble bathroom, generous closet space, and high ceilings. The kitchen has granite countertops and ample storage and counter space. See further details here.
368 97th Street via Douglas Elliman
Recently renovated one-bedroom features new bath and windowed kitchen. Building amenities include live-in super and laundry room. See further details here.
64 Hillside Avenue via Living Real Estate Group
Sprawling, sun-drenched apartment features a queen-sized bedroom, spacious living area, and separate eat-in kitchen. Building amenities include laundry room and elevator. See further details here.
473 West 158th Street via Citi Habitats
Brand new to market, this bright one-bedroom across the street from Highbridge Park features an eat-in kitchen, French doors, and generous space. See further details here.
Would you like to tour any of these properties?
Content Specialist
Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
