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[22 Jul 2011 | 2 Comments | ]
New rent guidelines won’t dim demand for multifamily

Demand for rent stabilized multifamily buildings in New York City has generally been unaffected by the new rules issued by the Rent Guidelines Board.

A quick study of the demographics affecting stabilized apartments shows just how insignificant the guidelines are when it comes to the value of multi-family buildings to those who specialize in that segment of the commercial real estate market.

Most of the people who buy stabilized buildings are not looking for quick conversions. They are attracted by the virtual guarantee of stable and steady. But the right building in the right location at the right time can sometimes offer the potential of a big pay day.

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