Rent Regulation Reform - NYC - What are the potential loopholes?
So obviously with the new laws regarding rent stabilized tenants has hurt many multifamily landlords in NYC, and future upside in these buildings are much more limited now.
My question is with the new laws, are there any ways to still see upside in this buildings?
Depends. Plenty of upside for buyers who can purchase buildings from desperate sellers. If you're buying at 80 cents on the dollar because existing owners have short term debt coming due that they can't refinance due to lowered valuations, then you are building in upside at the date of purchase.
If you own a building that you underwrote with 3%+ rent growth assumptions, and plenty of vacancy bump/IAI growth... well, you're kind of screwed.
Rerum voluptatem tempora ullam et ut ab. Et sapiente est laudantium deleniti illo autem necessitatibus. Distinctio velit sed optio magni labore. Voluptatem est alias commodi unde neque quos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...