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Eric Adams: “Big LLCs come in and buy up all of these small properties.”

Featuring: Eric Adams, Democratic | Mayor of New York

Mayor Eric Adams and NYPD Leadership Discuss Crime Reduction and Public Safety in New York City

Published July 1, 2025 | Video Starts at 48:01

We're in this together and if we go through this city, you should interview some of these small property owners. They're losing their homes. Then Big LLCs come in and buy up all of these small properties. And so I just think it's irresponsible to take a position without speaking to these small property owners. These are not the enemy of our city. (48:01–48:06)

CLAIM

Asserts that large LLCs are purchasing small properties.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Eric Adams

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“22,000 guns seized since [Eric Adams'] administration started.”
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“There's a reason Broadway had the finest 12 months of activity in the history of the city.”
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“25% of the tenants are not paying any rent for whatever reason or another.”
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“Our 2025 second quarter crime data shows that our public safety system is working.”
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“Major crime was down in June.”
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“Crime was down in the second quarter of 2025.”
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“Crime is down overall this year.”
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“Crime is now down for the sixth quarter in a row.”
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“Homicides down. Rape, robbery, felony assault down. Burglary down triple digits.”
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“Grand larceny and auto theft were down.”
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“Shootings were down 30% for June.”
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“Retail theft, something that plagued the country. But here in New York, down more than 17%.”
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“Hate crimes were down, as were crimes in our housing developments.”
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“Our efforts of removing over 22,300 illegal guns off our streets, 2,600 this year alone.”
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“2,600 [guns seized] this year.”
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“Year to date, major Crime is down 5.5%, equating to 3,348 fewer major crimes.”
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“Homicides are down more than 23% so far this year.”
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“We witnessed an 11% decrease in hate crimes towards Muslims.”
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“Hate crimes based on sexual orientation, which they're down by 47% since January.”
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“We don't manufacture guns here.”
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“We had to go back and change what was happening with bail reform.”
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“We have to go back and change to raise the age.”
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“We have to look at less is more.”
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