NYC building owners forced to offload properties for as much as 90% discount as they’re under pressure by fee hikes, tenants refusing to pay

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...