“They did everything a landlord was supposed to do.” What led me to that quote, from investment sales broker Marco Lala, was something the Mamdani administration and industry people alike have been asking: Who’s still buying rent-stabilized buildings? A headline posing that very question has been among The Real Deal’s most-clicked this year. The answer is evolving, and each sale gets us a little closer to the answer. That’s why I looked into the $3.965 million trade of a 67-unit building in the Bronx, although it was well below The Real Deal’s threshold for coverage. The 72,000-square-foot property at 1181 […]

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