Don’t forget the “Stabilization Act” of 2019 and then the crushing eviction moratorium.
https://www.nysenate.gov/sites/default/files/press-release/attachment/new_rent_reform_presentation.pdf
Anyone renting units for below market rents in NYS is a fool. Statewide rent control is coming as well as “Good Cause” eviction legislation.
Then everyone complains that there are not many places for rent anymore. And more and more it is the big corps because the small landlords want out. They can’t make it work anymore. They are all losing their shirts.