Sharon Redhead, a second-generation landlord in East Flatbush, is having second thoughts about continuing the family business. She blames not Covid, but the state’s rent law. Redhead’s father immigrated to New York from the Caribbean in the 1970s and bought buildings out of tax foreclosure. Her family eventually accumulated 100 apartments — many of them rent-stabilized — and landlord-friendly regulations helped keep them profitable. When units were vacated, Redhead made upgrades, such as installing modern
source https://therealdeal.com/2020/09/28/from-unthinkable-to-reality-cheap-nyc-apartments-sit-vacant/
No comments:
Post a Comment