Zohran Mamdani has mom-and-pop landlords on edge.

The city’s Democratic mayoral candidate has long pledged to freeze the rent of New York City’s rent-stabilized apartments. His affordability-focused agenda earned him enormous support from primary voters in June.

But small multifamily building owners told the Wall Street Journal that Mamdani’s housing policy could ice them out of a profit and force them to sell. 5

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While large landlords own the majority of the city’s 2.3 million rental units, smaller owners still take up a considerable share. The housing data website justfix.org reported in 2020 that roughly 28% of the city’s rental stock was owned by landlords with just one to five buildings in their portfolios.

These mom-and-pop landlords told the Journal that the typical cha

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