A sign of life has just flashed across New York City’s multifamily market. Sales have come to a virtual halt since New York drastically tightened its rent law in June, but Arik Lifshitz’s DSA Property Group is purchasing a 115-unit rental building at 29-28 41st Avenue in Long Island City for $47 million, according to sources familiar with the deal. The units are market-rate and largely exempt from the new limits on rent increases. “The
source https://therealdeal.com/2019/11/13/long-island-city-building-fetches-47m-in-wake-of-rent-law/
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