/ / Sergey Brin sold his NYC real estate: Here's what Mamdani's rent freeze cost him

Sergey Brin sold his NYC real estate: Here's what Mamdani's rent freeze cost him

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Google co-founder Sergey Brin has divested his stake in a New York City real estate fund for a fraction of its value, selling for just six cents on the dollar. This significant loss comes as Mayor Zohran Mamdani's rent freeze tightens conditions for landlords. The fund, A&E Real Estate, confirmed the sale, citing the challenging market for rent-stabilized apartments.

from Times of India https://ift.tt/5jUpfso
https://ift.tt/DKStZWj Google co-founder Sergey Brin has divested his stake in a New York City real estate fund for a fraction of its value, selling for just six cents on the dollar. This significant loss comes as Mayor Zohran Mamdani's rent freeze tightens conditions for landlords. The fund, A&E Real Estate, confirmed the sale, citing the challenging market for rent-stabilized apartments.

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