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flag NYC board reviews report on landlord income, Mayor promises rent freeze.

flag The NYC Rent Guidelines Board is reviewing a new report showing landlord net operating income rose 6.2% in 2024, with Mayor Zohran Mamdani promising to consider a rent freeze. flag While tenant advocates argue a freeze is needed to help with stagnant wages, landlord groups warn freezing rents could hurt the 9% of buildings already in financial distress. flag The board will vote on increases in June.

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