How Many NYC Rent-Stabilized Apartments Face Severe Financial Distress?

February 22, 2010 by Neil · 1 Comment

New York City has about 1 million rent-stabilized apartment units. The owners of more than 10% of those are undergoing severe financial distress, according to NYC’s Department of Housing Preservation and Development (HPD). Among those 100,000+ units, over 25,000 of those units … Read More

Tagged: banks, Department of Housing Preservation and Development, extend and pretend, hpd, new york city apartment buildings, new york city commercial real estate, new york city multifamily, new york city rent stabilized apartments, underwater

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How Many NYC Rent-Stabilized Apartments Face Severe Financial Distress?

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