A rent freeze is here. So what are landlords going to do about it? Sue, most likely.  The Rent Guidelines Board Thursday night delivered on Mayor Zohran Mamdani’s campaign promise to freeze rents in rent-stabilized buildings.  That sets the stage for a possible legal challenge. If successful, a court battle could upend how New York regulates rent levels in half of the city’s rental stock. An unsuccessful legal challenge could mean burned political capital for landlord groups and another victory for Mamdani’s progressive coalition.  Multiple sources told me they would expect a lawsuit in the event of a freeze. “It’s […]

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