July Newsletter

July 2025 Newsletter

It’s hot out there!  If your air conditioner isn’t working, come to the Community Room to stay cool.  (The staff use it 12-1 for lunch.) And enjoy activities: Tuesdays at 6 PM get fit with ShapeUp NYC, and Thursdays at 2 enjoy board games and conversation – all free!

Rent increases for rent-stabilized tenants. The NYC Rent Guidelines Board voted for increases for lease renewals going into effect Oct. 1, 2025 through Sept. 30, 2026:

1-year lease renewal:  3%

2-year lease renewal: 4.5%.

If mayoral candidate Zohran Mamdani wins, he has promised to appoint people to the RGB who will freeze the rent.  (No other candidate has made that promise.) If Mamdani wins before you renew your lease, you may decide to take a 1-year renewal. That will result in a lower increase (3%), followed by a few years of a rent freeze. If he loses, you may decide to take a 2-year renewal. (Tenants who are absent minded or very, very busy, should probably take 2-year renewals just to avoid forgetting to fill out the lease renewal every year.)

 Get rent bills by email and pay electronically – automatically.

Pay your rent bills automatically through ClickPay.

If you link it to your bank account, there’s no fee. If you link it to your credit card, there is a fee. You’ll get a monthly email in advance asking if you’d like to pay that amount. Even without ClickPay, you can get your rent bills by email. Contact Danny Hamer, 212-406-0030,  dhamer@stellarmangement.com

Doorman can only notify you of a visitor if . . . .

WANT THE DOORMAN TO CALL YOU BEFORE A VISITOR 

OR DELIVERY PERSON COMES TO YOUR APARTMENT?

Since the intercom does not work, we don't know if someone is coming up until they show up at our door.  if you would like the doorman to call you before a visitor or delivery comes to your door, tell him when you’re at the front desk.  Provide your phone number. 

 

Rent Guidelines Board increases for 2025-2026 lease renewals

LEASE RENEWALS 

FOR RENT-STABILIZED TENANTS

For a lease renewed any time from Oct. 1, 2025 through September 30, 2026: 

1-year lease renewal: 3% increase

2-year lease renewal: 4.5% increase

SCRIE and DRIE tenants get a higher “legal regulated rent” on their lease, but pay the same as they’ve been paying.

GOOD IDEA: If Zohran Mamdani wins the general election for mayor in November, take a 1-yearlease renewal. He’s promised to freeze the rent.