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Brin’s NYC Real Estate Loss | Real Estate News
Sergey Brin, Google co-founder and billionaire, just took a major hit selling his $79M stake in a New York rent-stabilized real estate fund — a deal that saw investors get just 6 cents on the dollar. The fund, managed by A&E Real Estate, holds nearly 6,000 apartments and is now under fire for massive write-downs, code violations, and foreclosure threats. Even UC lost over $100M in the fund last year. Brin’s exit? Probably tied to a tech-industry connection. But while NYC real estate bites, Brin’s still splurging — just bought a $51M Miami Beach mansion. Listen in comfort:Get a discount on a…
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