New York City|News|
Fearing Plunging Rents, NYC Landlords Keep Apartments Off Market
Landlords have kept more than 50 percent of unrented Manhattan apartments off the market in hopes they can raise prices later.

Landlords have kept more than 50 percent of unrented Manhattan apartments off the market in hopes they can raise prices later.

Home prices are expected to stay elevated for the near future. They have increased in Manhattan area.

Firefighters were still on the scene Wednesday, and investigators said much of the damage could have been avoided.
A new tool by openigloo aims to help New Yorkers negotiate fair leases by comparing apartments' rent against their neighborhood's average.
Areas hit hardest by the virus, largely Black and Latino neighborhoods, have the most eviction cases in NYC, the New York Times reports.
A massive lawsuit accuses dozens of landlords of blatantly refusing to rent to New Yorkers with housing vouchers.
A new app hopes to make landlord horror stories a thing of the past.
Even as home prices hit years-long lows, New Yorkers still need to make $100,000 a year to afford house payments, another study found.
Residential sales volume in New York City jumped 40 percent during the end of 2020, according to a new report.
Mayor Bill de Blasio said the city in 2020 created the second-most affordable housing units in its history.
That’s because so many people combined apartments or homes into one dwelling, the total for new housing dipped below zero, according to ...
Some families have to be sued for eviction before they can get help paying rent.
His plan blew up when the tenant who had moved into the unit he formerly occupied stopped paying rent in the summer of 2019.
Despite a mass exodus during the pandemic, many apartment buildings are not listing all available apartments.
Layers of legal cases and needed approvals, complicated by COVID-19-related shutdowns, have come between King and a new landlord.
WHEDco and BFC Partners fully lease development's 305 affordable homes amid pandemic, as cultural and commercial components near completion
“Renters may find that today’s deals won’t be around tomorrow,” a new UrbanDigs report states.
Dozens of homeowners and owners of small buildings have reached out to THE CITY with questions about how to stay afloat.
Buildings bearing former President Donald Trump's name were big losers in value after his divisive presidency, data from UrbanDigs shows.
Public Advocate Jumaane Williams held a virtual news conference Sunday highlighting the problems.
The pandemic-driven decline in 2020 reduced tax revenue by $1.6 billion, according to the study.
Firefighters responded just after 2 a.m. to the six-story building on Arlington Avenue in the Riverdale section.
Public housing tenant Eleanor Dowe lies in a coma in the intensive care unit at Bronx Lebanon Hospital.
The outage threatens to extend well into winter as the pandemic keeps many tenants all-but homebound.
Several tenants gathered outside the Marble Hill Houses on Wednesday evening.
The coming end of the year brings some promising news for tenants economically slammed by the pandemic.
Gov. Andrew Cuomo said he’ll sign a sweeping set of eviction protections for renters facing pandemic woes.
Residential sales across New York City dropped 32 percent year-over-year in 2020, according to a new report by Property Shark.
The governor said Wednesday he will again extend his restrictions on COVID-related residential evictions, which are set to expire Jan. 1.
Gov. Andrew Cuomo announced $60 million in rental assistance will go out with extended eligibility — but details remained unclear.
A federal judge dismissed a lawsuit filed by residential and commercial landlords that sought to overturn city laws protecting tenants.
Noise complaints to 311 are up 53 percent over all of 2019. Here are the sounds rattling New Yorkers.
It is the first time the city didn't make it into the nation's 10 most expensive ZIP codes list as the pandemic sent prices into a nosedive.
The grades are in and half of New York City’s buildings are considered energy deficient.
Thousands of New York City residents are at risk of eviction amid fears of a potential second wave of COVID-19.
Rent is falling in the Big Apple, but not as much as the nation-leading prices in San Francisco, according to the study.
Gov. Andrew Cuomo on Monday announced that the state’s coronavirus-related eviction ban will last at least until Jan. 1, 2021.
A nationwide study by the New York-based Property Club shows the most expensive ZIP codes during the COVID-19 pandemic are all suburban.