>This is not true. I've lived in multiple brand new rent stabilized buildings in Brooklyn with rents above $2500/mo over the last decade.

TIL that certain buildings with j-51, 421-a and 421-g[0][1] tax abatements are also covered under the rent stabilization law. However, not all apartments currently covered by rent stabilization under those tax abatement rules will remain rent stabilized. See the links below and check your lease as you might be in for a nasty surprise.

I'd add that as of 2019, there is no maximum rent for rent stabilization either[2]. I've edited my original comment to reflect that.

Thanks for enlightening me.

[0] https://hcr.ny.gov/system/files/documents/2022/09/fact-sheet...

[1] https://rentguidelinesboard.cityofnewyork.us/resources/faqs/...

[2] https://rentguidelinesboard.cityofnewyork.us/resources/rent-...