Pity the poor landlord

From the July issue: For years, investing in rent-stabilized buildings was a slow, but sure, game. “There’s little downside,” said Steven Kohn, president of Cushman & Wakefield Sonnenblick Goldman. “It’s low yield, but you have significant upside — it’s just a question of how long it takes to realize it.” In the past year, however, prices of such buildings and the volume of trades have been stagnant. And going forward, some real estate pros are predicting that rent-stabilized landlords will face their worst market in years.