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发帖数: 810 | 1 http://www.wsj.com/articles/new-york-landlords-in-a-financial-bind-from-new-rent-law-11561201200?mod=hp_lista_pos2
Property investors have spent billions of dollars on apartment buildings for
what has been one of the most reliably profitable bets in New York City
real estate: converting rent-regulated apartments to market-rate units.
But New York’s new rent law may be putting an end to that business, causing
financial stress for the companies that own these buildings.
The new laws could cause the values of rent-stabilized apartment buildings
to drop 20% to 45%, depending on their current rent rolls, several brokers
and investors said. That would leave many properties worth less than their
mortgages and put building owners at risk of default.
“It’s all over,” said Lazer Sternhell, a real-estate investor and broker
of rent-regulated properties in New York. “You can’t raise the rents. You
can’t deregulate.” |
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