5,100 rent-stabilized apartments heading to auction in NYC

Over 5,100 rent-stabilized units across dozens of buildings in Brooklyn, Queens, Manhattan, and the Bronx are slated for a potential Chapter 11 auction or refinancing. Debt holders including Flagstar Bank are seeking resolutions amid rising operating costs and constrained rent growth under regulation.

Source: https://www.multifamilydive.com/news/chapter-11-multifamily-auction-nyc-rent-stabilized/761025

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5,100 rent-stabilized apartments heading to auction in NYC

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