QUESTION
What percentage of rent-regulated buildings participated in the previous iteration of the J51 program?
0:39:27
·
28 sec
The deputy commissioner explains the breakdown of building types in the previous program iteration over the last 15 years.
- Around 40% were rental properties.
- Around 60% were co-ops and condos, mostly co-ops with very few condos participating.
Pierina Ana Sanchez
0:39:27
And so what percentage of buildings in the previous iteration of the program were rent regulated?
Kim Darga
0:39:36
I believe about 40 in the again, in the last 15, this is a program that's been around for a long, long, long time.
0:39:43
So in the last 15 years, I believe 40% have been rental properties and 60% have been co and condos.
0:39:52
Mostly coops, there's very few condos that have participated.
Pierina Ana Sanchez
0:39:55
Got it.
0:39:55
And of the rental properties, do you have the breakdown of how many were under the rent stabilization?