How To Move Forward in Today’s Multifamily Market
There are 60,000 vacant stabilized apartments in NYC (not including 4,800 from NYCHA), yet we have rents hitting all-time highs and people living on the street. Something has to give. The city is running out of resources and eventually it will have no choice but to incentivize the private sector by cutting the red tape. If you believe something has to give, then this is a great reason to buy multifamily buildings in New York. Do I Own Rent Stabilized Or Affordable Housing? Right now, prewar buildings are not inherently…