Source: New York Post
Over 5,000 buildings in the Big Apple are nearing total financial collapse, as Mayor Zohran Mamdani continues to support a rent-freeze for the city’s nearly one million rent-stabilized apartments. Building owners are offloading properties at discounted rates up to 90%, as they’re attacked with insurance hikes and “chronic non-payment” of rent, landlord reps warned at a Rent Guidelines Board meeting Thursday. 3 Zohran continues to advocate for a rent freeze despite the buildings heading for financial collapse.
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