LISTEN: Who’s buying rent-stabilized buildings?

Rent-stabilized buildings were once a magnet for big money. Now they’re mostly a local family affair. On the latest episode of The Real Deal’s “Deconstruct” podcast, Alpha Realty principal and broker Lev Mavashev breaks down how New York’s 2019 rent law reshaped the investment landscape for stabilized properties and why institutional buyers largely vanished from the market. Before the Housing Stability and Tenant Protection Act, the sector drew interest from private equity, institutional players and foreign capital betting on long-term upside. Investors saw aging housing stock as an opportunity: buy, renovate, gradually raise rents and improve the asset. Now, that […] This article originally appeared on The Real Deal. Click here to read the full story.