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Newer buildings get tax breaks, extra allowances on building size for setting aside, 20-30% of the units, the remaining units are still market rate. These new projects just needs to be valued approiately. Trust me the only landlords struggling are small operators, who bought small buildings hoping to clear the regulated tenants, but a process to do that has been elimitated for awhile now. Either Guiliani Bloomberg, the fake Democrat he was, slinked in a way for owners to convert units for personal use. The most outrageous example was a Columbia Dean who cleared a 20 unit building in spite as the tenants refused offers to move around in the building to inferior apartments. After that the rules were reformed. Part of how those loopholes were closed was by primaring the traitors in our State Senate delagation who under the banner Independent Democratic Caucis rand as D and then sat with the Rs and were only D on the ballot. We had to primary 7 or the 8 to break that landlord funded logjam to fair housing.