Stabilized buildings in ST, Gramercy saw highest rent hikes in city from 2014-2015

Harvey Epstein, a tenant member of the Rent Guidelines Board, pictured at last year’s preliminary vote (Photo by Maria Rocha-Buschel)

By Maria Rocha-Buschel

Rent-stabilized buildings in the Stuyvesant Town and Gramercy area had the greatest increases in rent in Manhattan from 2014 to 2015, a study released by the Rent Guidelines Board found.

According to the data, announced in the 2017 Income and Expense Study discussed at the RGB’s first public meeting of the year last Thursday, rent went up by 7.6 percent in Community District 6, which includes Stuyvesant Town, Peter Cooper Village, Gramercy Park and Murray Hill.

Rent increased in every community district in the city in that time frame, with only three Brooklyn neighborhoods with higher increases than district 6.

Although rent increases are governed by the guidelines set out by the RGB, variations occur because of vacancy allowances, the termination of preferential rents, individual apartment improvements and building-wide improvements (major capital improvements).

The study, which examines Real Property Income and Expense (RPIE) statements from rent stabilized buildings filed with the Department of Finance, also found that net operating income (NOI) for owners grew by 10.8 percent, marking the 11th consecutive year that the NOI has increased. The study does not break down the NOI increases by community district, but the increase in core Manhattan, which is defined as south of West 110th Street and south of East 96th Street, was 7.8 percent.

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PSLL celebrates big wins and new division

The PSLL girls’ championship team members wear celebratory jackets at Con Ed Field. (Pictured) Olivia Sheh, Julianna Fabrizio, Sarah Acocelli, Camile Bernard, Dorie Levine, Amanda Haspel and Jordan Hayduk (Photos by Sabina Mollot)

By Sabina Mollot

By Saturday morning, a downpour that had gone on throughout the night cleared up just in time for one of Stuyvesant Town’s most important annual traditions, the Peter Stuyvesant Little League Parade.

Hundreds of kids, clad in their new, colorful uniforms, marched alongside former Mets player and coach Mookie Wilson from First Avenue to Con Ed Field, where they got a pep talk from Wilson and a ceremony highlighting the league’s recent victories.

Jeff Ourvan, the league’s president, discussed the $16,000 the PSLL just received as a result of the “Roberts v. Tishman Speyer” lawsuit settlement. Ourvan said the funds, which came from unclaimed checks from the settlement, would be spent on batting cages as well as turf repairs.

Ourvan also praised players who last season, he noted, took home some impressive tournament wins.

Of a 13 and 14-year-old girls’ softball team, Ourvan said, “It was the first time in PSLL history we went on to play a state tournament.” The nine and 10-year-old baseball team and the 11 and 12-year-old team also each won a Manhattan championship.

“It shows you the quality of our league is improving,” he added.

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