New York City|News|
'Zombie Debt': NYC Homeowners Face Foreclosure On Old Mortgages
Brooklyn homeowner Rose Prophete is among 13 plaintiffs in a New York federal suit fighting the foreclosure action.

Brooklyn homeowner Rose Prophete is among 13 plaintiffs in a New York federal suit fighting the foreclosure action.

Families could bypass homeless shelters altogether under new voucher rules unveiled Monday by Mayor Eric Adams.

But the typical Manhattan apartment still cost about $4,000 — and luxury rents were at an all-time high in October, a new study found.
The pressure is on to open the city's vacant apartments.
“iAfford continues to send a message to anyone with prior criminal justice involvement: you need not apply for housing."
If a Sandy-like storm were to hit Coney Island today, the impact would be even more extreme because the oceans are higher than a decade ago.
Ceilings collapse, rodents roam and squatters defecate in a nightmare Manhattan building, say tenants who sued their notorious landlord.
Six developers took tax breaks on promises they would lease out affordable apartments. Instead, they charged higher rents, prosecutors said.
Who needs nine bathrooms when you could have 10?
The prices, for many, ensure that dream won't become a reality.
Neither side is saying what’s behind the dispute, but Make The Road NY has asked a court to toss the debt claim.
In a sign landlords anticipate a less topsy-turvy market, rent renewal increases fell finally below 2021 levels, a new study found.
Because somewhere in New York City there's someone who can afford $20,000 a month rent.
The gap between wage growth and rent is at its widest point since 2008, a new study found.
But advocates hope the Biden administration funnels more money toward a program that has given $2 billion in rent aid to New York City.
Have $3,950 to spare for a one-bedroom?
“It's like Alfred Hitchcock's ‘The Birds,’ but with rodents,” one disgruntled renter wrote on the apartment review site openigloo.
The Douglas Elliman report found average rents in Manhattan, never cheap, had jumped nearly 30 percent in a single year.
"Building more housing should not be controversial," said Annemarie Gray, the new head of Open New York, a prominent pro-housing group.
Big Apple Connect will bring free high-speed internet to 200 public housing buildings by the end of 2023, Mayor Eric Adams said Monday.
What, did you expect New York City to stop setting monthly rent records?
Attorney General Letitia James and the Federal Trade Commission filed suit against the Manhattan-based company Tuesday, court records show.
Adams also asked the city Department of Investigation to look into the matter.
A two-bedroom apartment cost $8,346 on average in New York City during July, according to a new study.
Mayor Eric Adams on Wednesday signed a one-time property tax rebate aimed at hundreds of thousands low- and middle-income homeowners.
Renovation of an Upper West Side apartment building is the cause of disputes between longtime residents and new ownership.
A settlement with Clipper Equity, LLC states the company illegally denied applicants with past housing court records.
Rising mortgage rates mean New Yorkers will pay 45 percent more for homes than last year, a StreetEasy study found.
Average and median effective rents respectively exceeded $5,000 and $4,000 for the first time, a new Douglas Elliman study found.
The developers of the dilapidated empty building near the Cross Bay Bridge long promised a medical facility.
Ink Property Group preyed upon vulnerable tenants and lied about rent to obtain bank loans, said Attorney General Letitia James.
A third of homes listed in New York likely once belonged to New Yorkers who could no longer pay the rent, a new StreetEasy study found.
Think NYC's summer temperatures are too high? Just wait until you see the rents.
The state’s current plan for 5WTC would include units reserved for families earning between 40% and 80% of the area median income.
A Staten Island mansion featured in "The Godfather" will be up for rent starting July 27 for a 30-night stay.
Manhattan set record highs for real estate sales and transactions in the first half of 2022, a new study found.
The Rent Guidelines Board voted late Thursday to raise rent on one-year leases by 3.25 percent — a hike advocates blasted as "shameful."
"We're being forced to move," said tenants whose rents rose by 50 percent or more, according to the apartment review site openigloo.
Blumenfeld Development Group Signs Optimum to 5-year lease
“Never again will conditions be able to deteriorate the way they have," Gov. Kathy Hochul said as she signed the trust into law Thursday.