NYC rental building sales tumble as rent regulation uncertainty looms

Multifamily apartment building sales saw a big drop in the first quarter, as uncertainty over the future of rent regulation has many investors waiting on the sidelines. The first three months of the year saw just 127 residential rental buildings change hands in the city, well below the deal volume of 243 a year before, while dollar volume fell by 43 percent from $2.3 billion to $1.3 billion, according to a report from B6 Real […]

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