Brief
The Fever’s Down, But New York’s Rent-Stabilized Market Is Still Ill
New York City’s rent-stabilized housing stock has an increasingly serious economic problem. For years, the operating expenses of these buildings have been rising much faster than their revenues. Insu
New York City’s rent-stabilized housing stock has an increasingly serious economic problem. For years, the operating expenses of these buildings have been rising much faster than their revenues. Insurance premiums, real estate taxes, water and sewer charges, fuel, labor, repairs and maintenance have all increased significantly, while the ability of owners to increase rents has […]
Source
- Commercial Observercommercialobserver.com
