The 2019 Housing Stability and Tenant Protection Act eliminated vacancy decontrol and most major capital improvement rent increases, permanently capping your rental income growth. This reduced building valuations significantly - many rent-stabilized properties lost 30-40% of their pre-HSTPA value. Buyers now underwrite these buildings based on current rent rolls with minimal upside, so pricing must reflect the regulatory reality rather than historical assumptions about rent growth.
From the seller playbook: Selling Rent-Stabilized Buildings
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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