LISTEN: Rehabs in New York City are impossible. Here’s why

New York City’s multifamily landscape is trapped in a vicious cycle, one that will only make the housing shortage in the Big Apple worse. On this week’s episode of The Real Deal’s “Deconstruct” podcast, hosts Hannah Kramer and Lilah Burke talk to columnist Erik Engquist, who always has his finger on the pulse of policy and political discussions impacting the real estate industry. In a story for this month’s magazine, Engquist wrote about how state and city policies — ones that predate the Mamdani administration at the city level — have plagued value-add investors in the market by prioritizing tenants’ […]

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