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What a $1.3 billion bond deal reveals about New York’s rent-stabilized apartments

Ratings reports highlight both strengths and uncertainties in the city’s regulated housing stock
Flushing Bank originated more than 1,400 small-balance multifamily loans backing a new bond offering. (CoStar)
Flushing Bank originated more than 1,400 small-balance multifamily loans backing a new bond offering. (CoStar)
CoStar News
September 15, 2026 | 3:10 P.M.

The $1.3 billion portfolio of New York City apartment loans that OceanFirst Financial Corp. sold in June to reduce its exposure to rent-regulated housing has resurfaced in the capital markets.

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