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Friday, June 02, 2023 5:56:12 PM
To document the vast scope of Signature’s influence across New York’s four largest boroughs, THE CITY analyzed municipal property and financial records, visited a wide range of buildings with mortgages up for sale, and reviewed lawsuits and internal bank documents. The sale portfolio includes 2,939 multifamily buildings with an estimated listed market value of about $20 billion. More than half that value is in buildings with apartments covered by rent-stabilization.
How the Sale of Signature Bank’s Mortgages Could Affect NYC Tenants - THE CITY: https://www.thecity.nyc/housing/2023/5/3/23708172/signature-bank-mortgages-tenants-rent-stabilized-worst-landlords
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