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NYC Building Owners Forced to Offload Properties For As Much as 90% Discount Under Pressure By Fee Hikes and Tenants Refusing to Pay
It’s a rent freeze fall.
Big Apple apartment building owners are offloading properties at discounted rates up to 90%, as they’re attacked with insurance hikes and “chronic non-payment” of rent, landlord reps warned Thursday.
The dire warning came during a Rent Guidelines Board meeting as its members weigh whether to get behind Mayor Zohran Mamdani’s rent freeze for the city’s nearly 1 million rent-stabilized apartments.
Read More at the New York Post
