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building at 169 West 95th Street (Axton)

Started by malecki
over 12 years ago
Posts: 0
Member since: May 2012
Discussion about
Has anyone negotiated a more favorable renewal recently with the management? The owner's offer to renew is a 2% increase on the legal maximum rent for the unit, after renting for a year at a "preferential" rate. This tactic has caused fairly high turnover with new tenants (just check streeteasy) again renting at a "preferential" rate that is much closer (probably slightly lower; it amounts to 76% of the legal max) than what the market would bear. The legal max is moreover way above market for 1970s construction with relatively few amenities, and construction for the foreseeable future. My own renewal offer of legal max 2% represents a 39% increase over what I currently pay, and identical units in the building rent new for a more reasonable 3% increase on last year.
Response by jim_hones10
over 12 years ago
Posts: 3413
Member since: Jan 2010

you probably rented "no fee" though at least right? smart person that you are.

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Response by rapat
over 12 years ago
Posts: 7
Member since: Apr 2012

Preferential rate seems like a scam to me on rent regulated apartments.
It is basically saying 'you're paying a market rate and we reserve the right to try to get at or above market renewal rate from you'.
It makes the fact that the apt is rent regulated irrelevant when they're above to increase 39% year over year

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

95th Street, I think it is pronounced Askton.

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Response by uwsbeagle
over 12 years ago
Posts: 285
Member since: Feb 2012

Omg. Funny. "Askton". Ha!

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Response by ac733
over 12 years ago
Posts: 2
Member since: Jun 2009

Malecki, have you been able to contact management? In a similar situation...

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Response by seth203
over 12 years ago
Posts: 0
Member since: Jun 2013

I live in the Axton... I have for several years at market rent. This year (out of the blue), they raised my rent by $1000 for a studio. Management refuses to negotiate.

Any opinions on options? Try to go Month to Month at new rate? at Market Rate?

Thanks.

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Response by ac733
over 12 years ago
Posts: 2
Member since: Jun 2009

Seth, would love to discuss your conversations with management as we are in the same situation. Is there a way for us to connect offline? Not sure how we can message each other on this site....

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Response by jim_hones10
over 12 years ago
Posts: 3413
Member since: Jan 2010

Options? Pay our move, lol!

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Response by jim_hones10
over 12 years ago
Posts: 3413
Member since: Jan 2010

"Or"

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