NYC’s top rent-stabilized apartment owners

TRD crunched the numbers on the biggest NYC portfolios of these units in the wake of Albany's sweeping reforms
By Georgia Kromrei | July 02, 2019 05:00PM

Blackstone's Stephen Schwarzman and Richard LeFrak 

Blackstone’s Stephen Schwarzman and Richard LeFrak

With Albany rendering rent-regulated apartments radioactive in New York, The Real Deal ranked the players who own the most of those suddenly less-desirable units. Check out the list below and read the full story on the pummeling the industry took in the state’s capital here.

Stuyvestant Town (Getty Images)

Blackstone Group

Total rent-stabilized units: 11,807

Biggest rent-stabilized property: Stuyvesant Town in Manhattan with 8,659 regulated units

LeFrak City

LeFrak

Total rent-stabilized units: 9,891

Biggest rent-stabilized property: LeFrak City in Corona, Queens with 4,543 regulated units

Shore Haven

Cammeby’s International

Total rent-stabilized units: 6,871

Biggest rent-stabilized property: Shore Haven in Bath Beach, Brooklyn with 404 regulated units

5530 Netherland Avenue

A&E Real Estate

Total rent-stabilized units: 6,100

Biggest rent-stabilized property: 5530 Netherland Avenue in Riverdale, Bronx with 272 regulated units

630 West 246th Street

Glenwood Management

Total rent-stabilized units: 3,574
Biggest rent-stabilized property: 630 West 246th Street in Riverdale, Bronx with 192 stabilized units

 

Source: Registration data from NYC’s Department of Housing Preservation and Development as of June 2019. The numbers only include buildings registered with HPD. LeFrak confirmed its numbers, Blackstone and A&E declined to comment, and Cammeby’s and Glenwood did not respond to requests