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Landlord sees 'pain' for NYC apartments over surge in supply

Thursday, October 27, 2016 - 05:50

New York

APARTMENT landlord AvalonBay Communities said it expects continued weakness in New York City's rental market as a wave of new construction adds more units in Manhattan and Brooklyn in the coming year.

"The pain is going to continue in New York through '17," Sean Breslin,

sentifi.com

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