New York City|Neighbor News|
Comprehending New York’s Co-ops:
Real Estate Experts Take a Look Inside Cooperative Buildings’ Boards of Directors, Policies and Complex Procedures

Real Estate Experts Take a Look Inside Cooperative Buildings’ Boards of Directors, Policies and Complex Procedures

While a New York City apartment will typically set renters back about $4,000, some neighborhoods are much cheaper, the study found.

The effective revival of an expired tax break will save 3,000 future affordable housing units in Gowanus, said Gov. Kathy Hochul.
What neighborhood has a typical sales price of $5.75 million? Prepare to not be surprised.
Yes, it "slipped" all the way down to $4,300.
That’s when, she said, one of the men introduced himself as “the new owner of the building.”
The average cost per NYCHA apartment is $485,000, enough to buy a large house in most places that aren't New York City, the study found.
"Any increase approved by the Board is a failure," an official said after Wednesday's vote by the Rent Guidelines Board.
Surprise, surprise — no one wants to pay Manhattan's $4,400 rents.
The air quality isn't the only thing breaking records for being terrible this week.
Here's a hint: Rent likely didn't head downtown.
"It's a landlord's market," a broker said as Manhattan's rents hovered above $4,000 and keep setting records.
Real Estate Experts Discuss the Future of City’s Public Space, Streetscapes, Skylines and Neighborhoods
Giuliani got sued for a second time this week — this time by a ShopRite worker who said the former mayor's lies got him falsely arrested.
Remote work, a possible recession and higher interest rates spell big trouble for office buildings and tax revenue. One bright spot emerges.
Fordham University Hosts Expert Panel on Capital Market Transformations and Impacts on Real Estate Values and the Economy
Tuesday night's preliminary vote would hike rent between 2 and 7 percent for two million New Yorkers.
Here's what advocates called a potential rent increase — which could be as high as 16 percent — for rent-stabilized apartments: "Immoral."
A price hike for rent-stabilized apartments eyed by the Rent Guidelines Board Thursday drew quick condemnation: "This is outrageous."
“So long as we ignore this problem," the Legal Aid Society said, "our housing crisis will only continue to balloon.”
“Tenants are clearly at the brink,” advocates said after a study found New Yorkers pay a third of their incomes for rent-stabilized homes.
But the decline likely won't change one thing: "(We) expect New York to hold its spot as the most expensive city," the study states.
Hempstead once passed plans to spur apartments near LIRR stations. Now it’s extending a development moratorium.
A two-bedroom still cost $4,000 in New York City during February, but two nearby cities were even more expensive, a new study found.
The Big Apple remains the nation's most expensive city, but San Francisco isn't far behind, a new study found.
Multifamily landlords and property managers look for technology-enabled solutions to accept, manage and safely secure incoming packages
Landlords need Albany action to turn Manhattan commercial buildings into apartments — and that’s just the start of their challenges.
Not everyone left New York City because of COVID — homeowners spent a year longer in their homes before selling, a new study found.
Even millionaires — or 2,500 of them, at least — prefer renting to buying in the city, a new study found.
But don't rejoice yet, renters — there still aren't enough apartments out there for prices to significantly drop, a new study found.
Blumenfeld Development Group Signs Centers Urgent Care to 10-year lease
More than 4,400 evictions went forward in the year since a moratorium ended, and some neighborhoods have borne a greater brunt, data shows.
See what New York City neighborhoods are the cheapest if you have a roommate, or where rent is increasing so much it almost doesn't matter.
Only in New York is a $3,700 typical apartment a sign that rents are falling.
“All New Yorkers deserve to live in safe, clean homes," Mayor Adams said. "We will not tolerate landlords who repeatedly flout the law."
This week, city inspectors found rodents in Clinton Hill, roaches in Harlem, water heater issues in Astoria, and more.
Even as rent "massively increased" this year, the city's worst landlords racked up 69,000 violations, said Public Advocate Jumaane Williams.
New York, Boston, Seattle, Chicago, Houston, San Francisco building operations save $12 million through technology-enabled access control
A new StreetEasy analysis crunched the numbers on trends renters, buyers and sellers can expect to pay, or make, in the year ahead.
Boston and San Francisco rents are practically steals in comparison to the median rent in New York City, a new study shows.