The Independent Budget Office published a report Tuesday that broke down the areas which saw the highest turnover of rent-stabilized apartments between 2010 and 2015. The agency found the annual turnover rate for rent-stabilized apartments averaged 12 percent citywide, and that there was a substantial difference in turnover rates between buildings built prior to 1974 and those built later. Units that were built after 1974 are generally stabilized in exchange for tax benefits and tend to […]