New York’s Rent Freeze Was Only An Aftershock. This 2019 Law Was The Quake.
Jose Tur owns two rent-stabilized rental buildings in Manhattan’s Washington Heights with a total of 45 units. The properties have been in his family for over 30 years, and the mortgages are fully paid off. But Tur tells Commercial Observer that despite this, while he’s…
Jose Tur owns two rent-stabilized rental buildings in Manhattan’s Washington Heights with a total of 45 units. The properties have been in his family for over 30 years, and the mortgages are fully paid off. But Tur tells Commercial Observer that despite this, while he’s…
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Why it matters
The 2019 rent stabilization law in New York represents a significant regulatory event affecting the real estate credit market, with potential implications for property owners, lenders, and rental market dynamics, but its direct systemic impact and novelty are limited.
Sources
Commercial Observer
New York’s Rent Freeze Was Only An Aftershock. This 2019 Law Was The Quake.
Jose Tur owns two rent-stabilized rental buildings in Manhattan’s Washington Heights with a total of 45 units. The properties have been in his family for over 30 years, and the mortgages are fully paid off. But Tur tells Commercial Observer that despite this, while he’s…