A New York research company, Real Capital Analytics, has compiled data showing that at least $107bn worth of income-producing property — including hotels, offices, apartment complexes and warehouses — is already in distress or is headed in that direction.

The distress is occurring all across the country, but New York tops the list because of the number of costly high-profile transactions that occurred during the boom years. Real Capital Analytics’ list includes a total of 268 properties in the New York area, with a value of $12 billion, as already or potentially in trouble.

New York Times