We all know that the rent in New York City is astronimical but how is it actually calculated for rent stabilized apartments under the Rent Stabilization Law? This was the question addressed in a recent Court of Appeals case, Altman v. 285 West Fourth LLC, that is now being touted as a landmark case for rent regulation in New York City. Despite the name, the Rent Stabilization Law allows for statutory rent increases based upon several factors and any housing accommodation whos