Sergey Brin sold his NYC real estate: Here's what Mamdani's rent freeze cost him | TheBriefWire
Sergey Brin sold his NYC real estate: Here's what Mamdani's rent freeze cost him
Published 30 June 2026 ยท us
Google co-founder Sergey Brin has exited New York City real estate at a steep loss, selling his stake in struggling landlord A&E Real Estate for
Google co-founder Sergey Brin has exited New York City real estate at a steep loss, selling his stake in struggling landlord A&E Real Estate for just six cents on the dollar. The Bloomberg-reported sale lands as Mayor Zohran Mamdani's rent freeze on one million rent-stabilized apartments squeezes landlords already battered by 2019 rent laws, soaring costs and mounting unpaid rent.
Published: June 30, 2026 โข 5:35 PM IST ยท Updated: June 30, 2026 โข 7:02 PM ISTBy TheBriefWire Editorial Team
Key points
Google co-founder Sergey Brin has exited New York City real estate at a steep loss, selling his stake in struggling landlord A&E Real Estate for just six cents on the dollar.
The Bloomberg-reported sale lands as Mayor Zohran Mamdani's rent freeze on one million rent-stabilized apartments squeezes landlords already battered by 2019 rent laws, soaring costs and mounting unpaid rent.