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Updated over 3 years ago on .

Trying to understand Subsidies in a apartment building
I need understanding on subsidies in an apartment building in NYC. If I buy this apartment building that have subsidized apartments I am aware I can’t bring the rent up. But the question is once the tenant has left the apartment does the apartment stay with a subsidy or I can move forward in raising rent? I am seeing a lot of deals with some serious month net︃ profit but most have subsidized apartments.