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> As of October 2022, according to New York real estate data tracker JustFix, landlords with ten or fewer units own only 13.2 percent of the city’s total stock
by l3mure 3y ago
> As of October 2022, according to New York real estate data tracker JustFix, landlords with ten or fewer units own only 13.2 percent of the city’s total stock and only 1.2 percent of all rent-stabilized apartments. By contrast, the top 5 percent of New York City landlords control nearly 65 percent of units and 87 percent of rent-stabilized ones. Staggeringly, the top 0.3 percent of landlords, whose portfolios exceed one thousand units, hoard almost 44 percent of the city’s rental units, and a whopping 56 percent of those protected by rent-stabilization.
https://thebaffler.com/latest/pity-the-landlord-dulik https://thebaffler.com/latest/pity-the-landlord-dulik
- tempsy 3y agoI guess I distinguish between large landlords and “corporate landlords”. When I think of corporate landlords I think of publicly traded apartment managers like Avalon. Those exist in NYC but it’s not the most common type of rental at all.