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NYC Landlords Sue City Board over Mamdani's Rent Freeze
Landlords say the board’s first-ever two-year freeze was a predetermined outcome that ignores rising costs for owners of about 1 million apartments.
- On Wednesday, a group of landlords sued the New York City Rent Guidelines Board, challenging its June decision to freeze rents on roughly 1 million regulated apartments for two years.
- Mayor Zohran Mamdani appointed six of the board's nine members after former Mayor Eric Adams failed to pack the panel, and the lawsuit claims the freeze satisfied a campaign pledge.
- The lawsuit, filed in Staten Island by attorney Randy Mastro, claims the vote was "arbitrary and capricious" because it relied on flawed data and ignored rising operating costs.
- Seeking to overturn the freeze, the lawsuit demands the board implement a rent increase; spokespeople for the Mamdani administration did not immediately respond to requests for comment.
- While board data shows net operating income for landlords increased by more than 6% overall, the suit argues those figures mask specific declines, including a 0.1% decrease in the Bronx.
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45 Articles
Coverage Details
Total News Sources45
Leaning Left6Leaning Right16Center8Last UpdatedBias Distribution53% Right
Bias Distribution
- 53% of the sources lean Right
53% Right
L 20%
C 27%
R 53%
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