Anagram Columbus Circle, 1 W. 60th Street in Manhattan, at dusk. Volly Studio In few places have the wild gyrations unleashed by the pandemic and its aftermath been more evident than in New York City luxury rental pricing. As the Covid-wary fled the Big Apple for greener pastures in 2020 and 2021, rents dropped to […]
New York City Enters New Luxury Rental Era Read More »
getty Over the last four years, landlords of rent stabilized buildings in New York City have faced a number of challenges—onerous new regulations, an eviction moratorium, rent arrears and increased expenses for insurance premiums, taxes and debt. In response, industry leaders have stepped up to advocate for owners by seeking relief in the Supreme Court,
Relief Needed For Landlords Of NYC Rent-Regulated Housing Read More »
The Urby apartment tower stands along the Hudson River on the skyline of the Exchange Place … [+] neighborhood on January 8, 2023, in Jersey City, New Jersey. Getty Images New York City and the surrounding region have received a lot of negative attention about losing population. But the metropolitan area’s apartment business doesn’t appear
Here’s The Surprising Top City For 2024 Apartment Investment Read More »
Virtual staging, such as this image of a bathroom at Manhattan’s 250 East 21st Street, can help … [+] prospective buyers imagine the home they are considering purchaisng. Jonathan Ayala It’s been noted the pandemic accelerated technology adoption, producing changes in months that otherwise might have taken a decade. Among the advancements propelled in that
Virtual Staging Continues To Drive Sales Read More »
When can a New York City commercial tenant claim harassment by a landlord? getty In any commercial lease, one major issue relates to the work that needs to be done to prepare a space for the tenant’s occupancy. Usually, the landlord will deliver the space pretty much as is, or with certain limited work completed.
A New York City Law May Punish Commercial Landlords Who Behave Badly Read More »
Efforts to promote affordable housing through legislation could be backfiring. getty Rental apartment buildings are bought and sold regularly. To try to promote affordable housing, some jurisdictions have enacted legislation to give government authorities, nonprofit entities, or tenants to have a “right of first refusal” whenever a rental apartment building is about to trade. Rather
Can Rights Of First Refusal Help Lower The Cost Of Rental Housing? Read More »
As more and more people come back into their offices, the utility of having a home in the city … [+] continues to rebound. And after all, New York is always the one and only New York. getty New York City real estate’s third quarter has taken both buyers and sellers on a wild ride.
A Wild Ride For Buyers And Sellers Read More »
The iconic staircase and living room from the hit movie. Krisztina Crane of Evan Joseph Photography You might recognize the iconic hallway staircase in this Manhattan townhouse from the hit movie The Devil Wears Prada. That’s because it served as the home of the movie’s fictional character Miranda Priestly. Located on New York’s Upper East
NYC Townhome From ‘The Devil Wears Prada’ Sells For $26.5 Million Read More »
Tredway acquired the Sea Park affordable housing portfolio located in Coney Island, Brooklyn, for … [+] $150 million. Ariel Property Advisors Affordable housing accounted for approximately 43% of New York City’s $3.91 billion in multifamily sales in 2Q 2023, according to Ariel Property Advisors’ Q2 2023 Multifamily Quarter in Review report. Major mission-driven investors including
Affordable Housing In New York City Attracts Big Money Read More »
Harvesting honey from the rooftop hives of New York City residential high-rises such as The Solaire … [+] has become a popular post-pandemic tradition. Optimist Consulting It hasn’t been too long since the world reeled at the first news of existential threats to bees and other pollinators. Addressing the problem by cultivating bees and beehives
New York City Residential Rooftops Seek To Ensure Hives Thrive Read More »