Owners embrace regulated space. Robert Nelson reaps the benefits of owning 1,000 rent-regulated apartments in the city, while other real estate sectors flag.
While owners of commercial office buildings and the landlords of luxury residential towers fight to find tenants, Robert Nelson polishes the shine on his “no vacancy” sign. As the proprietor of 1,000 apartments located in Brooklyn, Manhattan and the Bronx, he is smack in the middle of one of the hottest segments of the New York real estate market: multifamily, rent-regulated apartment buildings.
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