Shaun Riney and Seth Glasser are joined by Rob Johnson, Senior Attorney at the Institute For Justice, a national nonprofit law firm focused on defending property rights and advancing constitutional law through strategic litigation. Rob is the lead attorney representing Small Property Owners of New York in their case against the State of New York, challenging draconian regulations on rent-stabilized apartments and pushing for a rent reset on vacant units.
Currently there are 50,000 vacant rent stabilized apartments being warehoused because it is economically unviable to fix and re-rent the units at the current stabilized rates. The discussion highlights the real-world effect this has on small property owners, housing supply, and prospective tenants.
Reach out to the team:
joe.koicim@marcusmillichap.com
shaun.riney@marcusmillichap.com
seth.glasser@marcusmillichap.com
michael.salvatico@marcusmillichap.com
