New York Landlords in a Financial Bind From New Rent Law
Wall Street Journal, June 24, 2019–Will Parker; Konrad Putzier (subscription)
Property investors have spent billions of dollars on apartment buildings for what has been one of the most reliably profitable bets in New York City real estate: converting rent-regulated apartments to market-rate units. But New York’s new rent law may cause financial stress for the companies that own these buildings.
