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WSJ: Rent control law sends New York building values tumbling 

Jun 25, 2019By

New York’s new rent control law could cause rent-stabilized apartment buildings to drop 20% to 45% in value, brokers and investors said in a Wall Street Journal story on Monday. “Every spreadsheet in New York just changed,” said Steven Vegh, a real estate broker who sells buildings to investors.

3d rendering of a row of luxury townhouses along a street

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