TRD reporter on CBS-2 discusses landlords keeping rent-regulated units empty

Kromrei: Real estate attorneys say vacancy may be strategy to pressure legislators

TRD New York /
Oct.October 16, 2019 02:30 PM
 

After the sweeping changes to the rent law in June, multifamily landlords are reconsidering their usual practice of renovating rent-regulated apartments that become vacant. The law slashed financial incentives to improve individual units as well as to make building-wide upgrades, and eliminated rent increases that stem directly from vacancy. Some real estate attorneys have cited cases of landlords keeping apartments vacant as they push legislators to change the new law. The Real Deal reporter Georgia Kromrei was interviewed on CBS New York about these issues and whether the statute will lead to capital flight and widespread deterioration of rent-regulated housing.


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Top 5 TRD YouTube videos you may have missed

Five vintage videos TRD viewers loved this week

Five vintage videos TRD viewers loved this week
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

Vishaan Chakrabarti on a Manhattan real estate market without private cars

Vishaan Chakrabarti on a Manhattan real estate market without private cars
Calamity and Kabbage: Accountants riff on PPP madness

Calamity and Kabbage: Accountants riff on PPP madness

Calamity and Kabbage: Accountants riff on PPP madness
Watch: Carl Weisbrod on making NYC a ‘magnet for talent’ again

Watch: Carl Weisbrod on making NYC a ‘magnet for talent’ again

Watch: Carl Weisbrod on making NYC a ‘magnet for talent’ again
Rosenberg & Estis' Luise Barrack and Fried Frank’s Jonathan Mechanic

Commercial real estate lawyers: You’re stuck with that lease

Commercial real estate lawyers: You’re stuck with that lease
Social Construct CEO Ben Huh, The Real Deal's Hiten Samtani and Social Construct cofounder Michael Yarne

How code could make multifamily construction more predictable

How code could make multifamily construction more predictable
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...