A board spokesman says tenants who have rented apartments for six years or longer will see rents for a one-year lease jump by 3 percent or $30 a month, whichever is higher.
A two-year lease will increase the rent by either 6 percent or $60 a month.
Rent Guidelines Board Chairman Marvin Markus says half of the city's stabilized apartments rent for $925 a month or less.
Esther Wang of the Chinatown Tenants Union says many tenants walked out of the Manhattan meeting after the board voted down a proposal to freeze rents.
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