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“…any purchase price over $1 would be ludicrous.”
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Rent-stabilized buildings are approaching a ‘death spiral’. The city must act before it's too late.
Plus, co-ops are also struggling with soaring housing costs, and we take a moment to remember former Congressman and New York City legend Charlie Rangel.
This is your New York Apartment Association weekly update with CEO Kenny Burgos.
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On The Agenda
1:21 'The Crisis Has Already Started': Inside The Finances Of 4,300 Rent-Stabilized NYC Apartments
→ Thousands of rent-stabilized NYC apartments face foreclosure in tenant ‘bloodbath’
3:24: The Rent Guidelines Board’s rare revote
→ Citizens Budget Commission: Rent-stabilized buildings approaching a “death spiral”
4:43: Co-op costs set to skyrocket
6:06: Charlie Rangel: a New York legend
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