From the NY Post:
Despite a recent decline in the number of rent-regulated apartments, nearly two-thirds of the city's 2 million rental units still enjoy price protections or government subsidies, according to a state report released yesterday.
The analysis by Comptroller Thomas DiNapoli found a staggering 1.4 million -- or 64 percent -- of the Big Apple's 2.1 million rental apartments are rent-stabilized, taxpayer-subsidized or publicly owned, although the Democratic comptroller stressed the "loss" of some 10,000 rent-regulated units in the last decade.
DiNapoli blamed the drop -- less than 1 percent of all rent-regulated apartments -- largely on late-1990s measures that allow landlords to deregulate units after they go vacant or when the monthly rents on the units surpass $2,000.
The report comes just one week before the current "emergency" rent regulations hit their June 15 expiration date and threaten decades-old price controls for over 1 million city apartments under the rent-stabilization program.