July is almost always a sluggish month for real estate deals in New York, but even by those standards, this was an extremely slow July. And many brokers and analysts believe the new rent law in New York is the main culprit. The city saw about $357 million worth of apartment building deals across 31 properties last month, according to data from Real Capital Analytics. Last July, the market saw about $771 million worth of […]
source https://therealdeal.com/2019/08/27/new-nyc-rent-law-beginning-to-shut-down-investment/
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