Development in Western Queens off of Queens Plaza in the neighborhood of Long Island City.

NEW YORK CITY- New York City's real estate industry is still trying to assess the many areas of the fallout from the sweeping rent regulation changes this past June.

Meanwhile, another seismic change with respect to residential rental laws and regulation rules could well be on the way. The so-called "Good Cause Eviction" bill, also known as Universal Rent Control, would apply to nearly all market-rate residential rental units in New York City and throughout the entire state.

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Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.