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State’s attack could crush Peak Capital Advisors, sub-rehabs
April 30, 2026
Posted 2 hours ago by
While Mayor Zohran Mamdani targets landlords who don’t fix aging buildings, Gov. Kathy Hochul and Attorney General Letitia James are going after those who do. Their goal is not merely to stop the loss of rent-stabilized apartments, but to reverse it. If they succeed, it could wipe out landlords’ investments in hundreds of buildings — and give their high-income tenants cheap rents for the rest of their lives.
The attorney general and Hochul’s housing commissioner, RuthAnne Visnauskas, are trying to make an example of Peak Capital Advisors, which from 2020 through 2023 gut-renovated 31 century-old buildings, removed them from rent []This article originally appeared on The Real Deal. Click here to read the full story.
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