Rent in New York City is hitting record levels—and it’s only expected to go up from here. Right now the median rent for a one-bedroom apartment in Manhattan is about $4,500. Furthermore, the Rent Guidelines Board appointed by the mayor recently increased rent by about 3 percent for over a million rent-stabilized apartments.
NTD spoke to Sam Goldberg, a tenant attorney at Goldberg and Lindenberg, P.C., to find out more about the financial complexities of being either a tenant or a landlord in New York.
