at stake, stuyvesant town peter cooper village along the manhattan's east river. but with fears of a potential sale steinberg and fellow tenants worry that the affordable housing that has allowed them to live here for decades will be wiped out. >> we're fighting for everyone who lives here. >> reporter: steinberg, who is 67, and retired pays a little more than $1,300 in monthly rent, about half the cost of market rate. regulated rents by the city are the hallmark of stuyvesant town built in 1947 for world war ii veterans developed by metlife with the city's help. owners have changed hands over the years, deregulating rents for some of the tenants and deregulating more rents will be the priority for new owners. >> it's a certain. how quickly they can do so. >> reporter: in 1986 this complex sold for $5.4 billion. but the buyers eventually ran out of money, and lenders took control. >> they thought they could raise rents more quickly than most people have ever done. >> reporter: the developers and blac black rock in that deal that field. capital is now in control of