Buyers Return After Rent-Control Slams New York Apartment Values

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Buyers Return After Rent-Control Slams New York Apartment Values
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A number of big real-estate companies are trying something that New York’s rent reform bill was thought to make futile: They are buying rent-regulated apartment buildings

New York City landlords widely predicted that the new state law, which makes it much harder for landlords to upgrade and convert rent-stabilized units to more profitable market-rate apartments, would dull interest in these properties.

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