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Shelter, meanwhile, is calling for landlords to be barred from raising rents above inflation, and establishing longer five-year tenancies.
Just over 10% of landlords said their rental income had increased by between 2% and 4%, while 13% of landlords increased rents above that level.
In a survey of 200 rent-regulated apartments, the group, Make the Road New York, found that landlords for nearly half the units had registered rents above what they could legally charge.
The Sony Building between 55th and 56th Streets, with its wood-paneled board rooms and sweeping white marble staircase, may be more suited today for tenants like hedge funds, which do not flinch at rents above $120 a square foot.
In 2009, only 16 leases were signed at annual rents above $100 a square foot, compared with 105 such deals in 2008 and 107 in 2007, said Ben Friedland, a senior vice president at CB Richard Ellis.
Tower Hamlets mayor, Lutfur Rahman, has committed to creating a landlord registry – to weed out bad landlords – more community land trusts and a model for a "living rent" that would prevent landlords from raising rents above a specific threshold.
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In town, I discovered an excellent studio apartment rented above a gift shop rented by Annie Seashore right on the main street.
The cafe bar Djina (Varoska 2) in the old town is tiny and cool, with an art gallery and really lovely rooms to rent above.
Under existing law, landlords can free vacant apartments from regulation if they make improvements that let them raise the rent above $2,000 a month.
He was referring to the ability of landlords to deregulate apartments that become vacant by making sufficient improvements to the apartment to get the rent above $2,000.
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