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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 unpaid rent.

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Times of IndiaLean R·3h ago
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 unpaid rent.
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Sergey Brin sold his NYC real estate: Here's what Mamdani's rent freeze cost him

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

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