New York Real Estate Faces Historic Downturn

As the sun sets, a gloomy two-bedroom in Manhattan reveals its age, with its walls and a dead pigeon painting a picture of neglect. Mike Danton inspects his 21-unit building, bought for $4.8 million in 2018, now under the tight grip of New York City’s stringent rent controls. This system restricts him to charging rents […]

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