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Why New York apartment buildings are on sale now for 50% off
Even in the crisp afternoon sunlight, the two-bedroom Manhattan apartment has a ghostly pallor, its cracked walls yellowing like an ancient black-and-white photograph. Paint chips are falling from the ceiling. A dead pigeon lies on the kitchen floor.
https://www.crainsnewyork.com/real-estate/nyc-rental-buildings-sell-50-percent-discount-due-strict-rent-control-laws?