Jim Ferguson(@JimFergusonUK):🚨 MAMDANI SIGNS LAW THAT CAN OVERRIDE A LANDLORD’S CHOICE OF BUYER Selling an eligible New York apartment building? A city-approved nonprofit gets the first shot. Even if you turn down its offer and find another buyer, the nonprofit can match that deal. If it does, you have to sell to the nonprofit. Sell without giving the required notice and the fine can reach 15% of the sale price. City Hall says it’s protecting affordable housing. The question for owners is how much say they should lose over who buys their property.

2026.11.11 15:42

🚨 MAMDANI SIGNS LAW THAT CAN OVERRIDE A LANDLORD’S CHOICE OF BUYER Selling an eligible New York apartment building? A city-approved nonprofit gets the first shot. Even if you turn down its offer and find another buyer, the nonprofit can match that deal. If it does, you have to sell to the nonprofit. Sell without giving the required notice and the fine can reach 15% of the sale price. City Hall says it’s protecting affordable housing. The question for owners is how much say they should lose over who buys their property.