NYC Apartment Deregulation Renovation Cost Calculator

About the NYC Apartment Deregulation Renovation Cost Calculator

This calculator is designed to help tenants understand the renovation costs required for legally deregulating rent-stabilized apartments in New York City between 2000 and 2019. It's an essential tool for those looking to understand the historical context of apartment deregulation.

The calculator uses the "1/40th rule" that was in effect until 2019. This rule allowed landlords to deregulate an apartment if the sum of 1/40th of the renovation costs plus the last regulated rent exceeded the deregulation threshold for that year. By inputting the last regulated rent and the year of regulation, users can determine the minimum renovation cost required for legal deregulation.

After you find the cost needed, next step is searching up work permits for your building during that year/year following. You can use the building history data to find work permits around the time of deregulation. Does it add up?

Understanding these costs is crucial for:

• Tenants who want to verify if their apartment was legally deregulated
• Landlords who need to understand historical deregulation requirements
• Housing rights advocates and legal professionals working on rent regulation cases
• Researchers and policymakers studying the effects of rent regulation policies

It's important to note that this calculation method was outlawed in 2019, and apartments can no longer be deregulated through this process. However, this calculator remains valuable for understanding past deregulations and potential legal challenges to previous deregulation actions.