Sherwin Belkin Quoted in Gothamist on Rent Stabilization, Deregulation and Due Diligence for Property Owners
In Kathryn Brenzel’s recent article for The Real Deal, “Real estate braces for Mamdani,” Sherwin Belkin, co-founding partner of Belkin Burden Goldman LLP, was quoted on the legal and practical implications of Zohran Mamdani’s mayoral platform for New York City property owners, emphasizing that many of Mamdani’s proposals fall outside the scope of mayoral authority, stating that they are “within the authority of the State legislature and governor.”
In response to Mamdani’s pledge to freeze rent-stabilized rents for four years, Belkin called the promise “palpably illegal,” citing that the city’s rent board has yet to even consider the matter. Belkin further advised that owners of rent-stabilized apartments may want to consider cutting back on offering preferential rent or other concessions on stabilized apartments to prepare for a potential rent freeze.