Does It Pay To Be a NYC Landlord Anymore?
Featured In: New York Law Journal | Written By: Michelle P. Quinn | Partner at Gallet Dreyer & Berkey, LLP
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Much attention has been given to the plight of tenants unable to pay rent in New York as a result of the COVID-19 pandemic, which spurred a “Cancel Rent” movement across many neighborhoods. While tenants’ struggles should not be minimized or disregarded, New York City landlords, especially small ones, are feeling the financial pressure too.