Going Once, Going Twice! Portfolio of rent-stabilized properties hits auction block

A portfolio that includes a sizable chunk of rent-stabilized apartment units is hitting the auction block. Bids for the 10-property portfolio, which includes one parcel upstate, could serve as a temperature check for investor interest in rent-stabilized product after the state’s sweeping rent law was passed this summer. The six multifamily and mixed-use buildings up for sale include 855 East 217th Street in the Bronx; 553 58th Street, 171 Bay 17th Street and 1314 Sterling

source https://therealdeal.com/2019/11/12/going-once-going-twice-portfolio-of-rent-stabilized-properties-hits-auction-block/