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Thousands of Rent-Stabilized NYC Apartments Face Foreclosure in Tenant ‘Bloodbath’
Thousands of rent-stabilized apartments in NYC are under threat of foreclosure as an increasing number of landlords stop paying their mortgages — making the coveted units even more scarce, insiders told The Post.
Buildings with a cumulative 176 rent-stabilized units have been foreclosed upon since 2022 – a figure that’s been doubling every year on average — with another 2,093 stabilized units have been put on notice by banks in April that landlords are defaulting on their mortgages, according to an analysis by PropertyShark data.
“It’s a bloodbath,” said Sarah Saltzberg, co-owner of Bohemia Realty Group, who rents pre-war units in upper Manhattan.
Read More at the New York Post
G.Singh
The City should take it over and give it to the tennants. All big Landlords are rich buy building after building. Only ones deserve help are the small Landlords
Adding Agony to Injury
The City is the problem, not the solution.
P. McDonald
I second the motion
AH
Let’s start going through your assets and see which of them the government should expropriate and give to others. After all, the all-knowing god Government knows what others can make better use of than you, right?
Oh, wait, this seems to apply only to others that you can demonize.
P. McDonald
No need for the rich to get richer from a basic human need
AH
So the landlords should be enslaved to those whose “basic human need” is to live specifically there, rather than in any of the other places in the world that would be far cheaper. You know. I thought that slavery is outlawed in this country, but then I guess there are certain people who after a century and a half haven’t made their peace with that and who demand to live off others.
G.Singh
No need for the rich to get richer, from basic human needs
AH
Same reply as to your sockpuppet “P. McDonald”:
So the landlords should be enslaved to those whose “basic human need” is to live specifically there, rather than in anywhere else cheaper. You know. I thought that slavery is outlawed in this country, but then I guess there are certain people who after a century and a half haven’t made their peace with that and who demand to live off others.
ZL
In Crown Heights and all over the city. The rich lanlords are getting richer and want more from the poor people that can’t make ends meet. Enough is Enough all houses should be non profit it is a basic human need
meyer chein
I second the motion!
AH
Yes, the pre-Civil War slaveowners also claimed that they had a “basic human need” for servants . The short answer: anything that requires someone else’s labor isn’t free. You need a place to live? Doesn’t have to be in this particular place or even in this particular city. You need food? Grow your own. And so forth. Learn to stop leeching off others and claiming it’s your “right.”
Victoria Perez
These predatory landlords are denying basic services trying to get people out of these buildings so they can knock them down and build non rent stabilized apartments and make more money, flying under LLC’s
Chaim Yankul
Maybe the city should stop charging tax and water to those buildings if they want the owners to charge less