Posted by Skeptical Renter on May 18, 2001 at 16:22:46:
I was shown an apartment in Brooklyn today in a building that the broker said was rent stabilized. He said that the particular apartment was not stabilized, however, because it was "for the landlord's immediate family, so it's not rent stabilized." I didn't want to ask too many questions, as the apartment is fantastic and I want to get it, and I figure it's better to sign a lease first and deal with the legalities of rent stabilization afterwards. But I'm wondering what he could be talking about. Is it possible to have a non-stabilized apartment in a stabilized building, and if so, under what circumstances?
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