Recession Leads to Disrepair for NYC Apartments
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As property owners run into trouble paying their mortgages, neighborhoods around New York City have been witnessing a disturbing consequence: small and large apartment buildings are being abandoned in a state of disrepair, leaving tenants in limbo without basic services or even landlords.
In the Bronx, anybody can walk into the four-story building at 422 East 178th Street. Someone took the front door off the hinges and sold it for scrap metal. Drugs have been sold out of vacant apartments.
“A nightmare,” said Cesar Guzman, 29, who lives in the building. “I can’t describe it as anything else.”....
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