Google billionaire Sergey Brin exits NYC real estate as landlords suffer from rent controls, explosive costs: report

Google billionaire Sergey Brin is reportedly among the many New York City landlords fearing more hurt from capitalism-hating Mayor Zohran Mamdani’s rent freeze — seemingly dumping his stake in a real-estate fund for pennies on the dollar. Amphitheatre LLC, an investment firm affiliated with Brin, last year sold shares in a New York real estate fund that holds nearly 5,900 units back to its manager, A&E Real Estate, according to documents filed in December and earlier reported by Bloomberg. It is unclear how much Brin invested with A&E — which Mamdani called out earlier this year — or how much...