The Folly Of Rent Control In New York City (Again)
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Source: zerohedge.com
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Why New York City apartment buildings are on sale now for 50% off, ET RealEstate
Last year, New York buildings with at least one rent-stabilized apartment sold on average for $203,000 a unit, down 34% since 2019. One of the key reasons for drop in apartment prices in New York is tough rent control. These rules benefit longtime tenants at the expense of newcomers, and they’re an inefficient way to help those who need it most, scholars have found.
Source: indiatimes.com
Why New York City apartment buildings are on sale now for 50% off
US News: Last year, New York buildings with at least one rent-stabilized apartment sold on average for $203,000 a unit, down 34% since 2019. One of the key re
Source: indiatimes.com
Coney Realty Acquires Upper Manhattan Multifamily Portfolio for $47M – Commercial Observer
Barberry Rose Management’s Lewis Barbanel sold 16 rent-stabilized buildings in Inwood, Washington Heights and Harlem.
Source: commercialobserver.com
Rent-Stabilized Inwood Portfolio Sells At 44% Discount
A 16-building multifamily portfolio in Manhattan’s northernmost neighborhood has sold for $47M, almost half the price it last changed hands for in 2016.
Source: bisnow.com