|
|
Read the presentation that accompanied co-founder David Aviram’s testimony to the Rent Guidelines Board of New York City. Maverick’s granular data and insights help the board make better policy decisions. Key points include:
- $131 billion in mortgage debt is tied to rent-stabilized buildings city-wide.
- 45% of that sits on properties where ≥75 % of units remain regulated.
- New originations on highly regulated assets have collapsed >70 % versus pre-2020 norms. Liquidity is at an all-time low.
- In multiple boroughs, sale prices per SF are at—or below—outstanding debt, implying negative equity for nearly half the owners.
- Buildings that are ≥75 % regulated carry 4× the housing violations per unit of their less regulated peers.
- “Mom-and-pop” landlords (<50 regulated units) have 2× the violations per unit of institutional owners.
|
