Shaun Riney and Seth Glasser sit down with Avi Schron, Executive Vice President of Cammeby’s International, for an operator’s perspective on how New York City’s rent-stabilized housing system has changed—from the introduction of IAIs and MCIs in the 1990s to HSTPA, rising operating costs, and the current rent freeze. Avi explains why operating expenses have climbed from roughly 45–55% of revenue to as high as 75% in many buildings, how fixed revenue and escalating costs are forcing owners to scrutinize every expense, and why the long-term consequences may ultimately be…
NYM GroupAugust 10, 2026