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Cignature in The News – "Why NYC Apartment Buildings Are On Sale Now For 50% Off"

February 5, 2024 – Financial Advisor

By Patrick Clark, Prashant Gopal

... amid concern over real estate exposure, shares of New York Community Bancorp Inc.—which holds about $37 billion in apartment loans, half backed by rent-regulated units—dropped 38% in a single day. “A lot of owners I’m speaking with want to walk away from buildings,” says Lazer Sternhell, chief executive officer of Cignature Realty Associates Inc. in the city.

For the complete article visit Financial Advisor.


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