rent stabalized rent raise

live in a rent stabilized building, looking to move into new apartment, vacated by a long time tenant (maybe 30 years). The landlord wants to raise the rent to 2500 per month, which I suspect is a raise of over 300 percent.

my question is, is there a limit to the amount the rent can be raised on a stabilized apartment from the previous lease?

The landlord says he’s going to do a lot of work to the apartment (which I know is part of the process of justifying an increase) but I’m wondering if there’s a limit….

By oneasternparkway | 05/26/2009 12:00 PM