You mean rent stabilized? I thought "rent controlled" was for people who kept the apartment in their family for decades and "rent stabilized" was for others. And of course that most apartments were neither. I looked it up. According to NYC's definition
the spirit of my understanding is right if not the details.
Mark: I'm surprised the rental market isn't tighter at the moment. I would have thought that with all the foreclosures, more people would be trying to move into rentals.