Big changes are coming for renters at The Garnett in Williamsburg. With Pacific Urban Investors buying the 113-unit building for $82.5M, and the 421a tax exemption expiring next year, rents could soon rise to market rates once current tenants move out. This move highlights how fast Brooklyn’s rental market is shifting, especially as fewer new buildings get built under the old tax program. For locals, this could mean higher rents and fewer affordable options. How do you feel about the changing face of Williamsburg and the future of rent-stabilized housing? #RealEstate #Williamsburg #BrooklynRealEstate