Google co-founder Sergey Brin sold his stake in a struggling NYC real estate fund for six cents on the dollar, a significant loss coinciding with Mayor Zohran Mamdani's rent freeze policy. The sale of nearly 5,900 units highlights the financial strain on landlords.
A New York City housing board voted 7-1 to freeze rent increases for one- and two-year leases on over 1 million rent-stabilized apartments, marking a significant victory for Mayor Zohran Mamdani. The decision drew mixed reactions from tenant advocates and property owners.
Magdalena Max Avramovich, a 56-year-old schizophrenic woman, was allegedly coerced into signing a surrender agreement for her rent-stabilized NYC apartment by her landlord, St. Sava Serbian Orthodox Church, after priest Father Zivojin Jakovljevic used confidential information from a confessional to exploit her vulnerable state during a psychotic episode.
