New York City Mayor Zohran Mamdani has moved into the mayor’s official residence in Queens. However, his former landlord is now increasing the rent on that apartment for the new tenant by over 30%. This move comes as the city’s new rent freeze policy doesn’t provide any protection against such hikes, leaving tenants vulnerable to rapid price increases.
Source: https://www.wsj.com/real-estate/nyc-rent-freeze-mamdani-apartment-06826ef4