BBG News

Sherwin Belkin Highlights Impact of Proposed Bills on Rent Regulation | TheRealDeal

Jul 7, 2023

BBG Co-Founder, Sherwin Belkin, is quoted by TheRealDeal in the article “Bill guts one of last remaining rent regulation escape routes”  and sheds light on the potential impact of the Senate and Assembly approved bills that provide for significant updates to the “substantial rehabilitation” rules.

If passed, it would require all rehabilitated buildings to submit applications to the state’s housing regulator within six months of the bill passing.

“We’re probably talking about hundreds of buildings, going back 40 years,” warns Sherwin Belkin.

Overall, these proposed changes could have a significant impact on the real estate market in New York.

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