NYC rent stabilized buildings (New York City)

[Cristiano Bell]

Hi everyone,

I am looking at rent stabilized investments in Manhattan. Does anyone have any insights? Maybe someone who owns an investment property?

I have heard that the new rules are problematic. I am aware of the limited rental increases (1-2% lately), but I was wondering whether there is anything else to consider? A property manager also mentioned that the new 2019 requirements are taxing from a management point of view. Any thoughts?

I am looking at 6% cap rates, is the added return worth the trouble?

Thank you,

Cristiano