Distressed buildings bring down their neighbors via Crain's New York Business

This study was conducted in New York but probably would have similar results in other cities.

A new study reveals buildings located 500 feet away from overleveraged and foreclosed properties face risk of deterioration and increased costs to maintain them.

Overleveraged residential buildings, properties that are not generating enough rental income to cover their mortgage payments and overall maintenance costs, as well as multi-family buildings that have gone through foreclosure are having a negative impact on neighboring properties, according to a new study released Thursday.

Distressed buildings bring down their neighbors via Crain's New York Business