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by jonahbenton
1498 days ago
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No. Property tax rates are extremely- some would say criminally- low in NYC. I would think it unusual for more than 20% of rent to go to property tax. Mortgage much much more likely to be the dominant expense for a residential landlord, but varies significantly with age. There are many longtime landlords for whom their tenants are now nearly all profit. Which is INSANE. |
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