Real estate pros say HPD’s methodology for predatory landlord “watch list” is flawed

The city expects to add 150 properties each year to a list designed to warn tenants of potential predatory landlords. But some industry professionals think the city’s methodology for the “watch list” is flawed. The Department of Housing Preservation and Development recently proposed guidelines for what buildings will appear on its “Speculation Watch List.” HPD seeks to include rent-regulated multifamily buildings that sell below the median cap rate of the property’s borough, saying such deals […]

source https://therealdeal.com/2018/06/22/real-estate-pros-say-hpds-methodology-for-predatory-landlord-watch-list-is-flawed/