The new law may decrease NY property value and drive investors to NJ side for investment deals. Bet it is a price boost for NJ, though NJ has similar laws.
Probably a bit. What aspects is the new law there tighter on?
My experience in NYC taught me that when the City starts screwing around with tightening up rent control, the smaller non-controlled properties shoot up even more--less supply, more demand, higher rents. Investors understand; unfortunately, the City just doesn't get it! Unintended consequences, anyone?