Lease takeover for a rent-stabilized 1 bedroom, 1 bathroom apartment. Apartment will be rented in an as-is condition, unfurnished. Available October 1st. Lease term runs through March 31, 2026. Pet-friendly. No guarantors allowed. Unit features: - Balcony with open views - Open kitchen with stainless steel appliances, including a refrigerator, dishwasher, oven, and microwave, with granite countertops - Tiled bathroom with deep soaking tub - High ceilings with floor-to-ceiling windows - Hardwood floors Amenities: 24-hour Doorman Fitness Center Roof Deck with Grills and open views Resident Lounge Laundry Room Bike Room Parking (Optional, rent is $4,145/month with parking) For inquiries, please reply with the following: -your full name(s) (all names if there are more than a single occupant) -move-in deadline -maximum budget (based on the 40X rent rule) -pets situation -employment background information -confirm good credit score (above 700) -Are you on a lease? If so, when does it expire? If not, what is your current living situation? This lease renewal is subject to rent stabilization. The form explicitly references the Rent Stabilization Code, applies RGB guideline increases (2.75% for 1-year, 5.25% for 2-year renewals), includes a preferential rent option, and requires attachment of the NYC Lease Rider for Rent Stabilized Tenants. It also lists a separate 421-a surcharge (2.2%, $77.81), which is specific to stabilized units in buildings receiving 421-a tax benefits. Recent listings for units in this building (as of 2025) confirm ongoing rent stabilization status. Regarding expiration: The rent stabilization is tied to the building's participation in the 421-a tax abatement program under Section 421-a of the New York Real Property Tax Law. This is a 15-year benefit period, with an approximate expiration date of June 30, 2027 (based on the building's completion around 2011-2012). Upon expiration of the tax benefits, the apartment can be deregulated from rent stabilization at the end of the current lease term or upon vacancy, provided the owner has included proper notices in all leases and renewals (as required by law). If you sign the 2-year renewal option, your lease would end on 3/31/2027, shortly before the expected deregulation pointstabilization would likely remain in effect through your tenancy, but the next renewal (if offered) could be at market rate.
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