Sergey Brin sold his NYC real estate: Here's what Mamdani's rent freeze cost him
•Google co-founder Sergey Brin has exited New York City real estate at a steep loss, selling his stake in struggling landlord A&E Real Estate for just six cents on the dollar.
•The Bloomberg-reported sale lands as Mayor Zohran Mamdani's rent freeze on one million rent-stabilized apartments squeezes landlords already battered by 2019 rent laws, soaring costs and mounting unpa...
هذا الخبر من Times of India. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
Google co-founder Sergey Brin has exited New York City real estate at a steep loss, selling his stake in struggling landlord A&E Real Estate for just six cents on the dollar. The Bloomberg-reported sale lands as Mayor Zohran Mamdani's rent freeze on one million rent-stabilized apartments squeezes landlords already battered by 2019 rent laws, soaring costs and mounting unpaid rent.المصدر: Times of India | Source: Times of India
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This article was originally published by Times of India. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
