New York City|News|
NYC Rents Could Rise 16% Under Numbers Before Powerful Board
A price hike for rent-stabilized apartments eyed by the Rent Guidelines Board Thursday drew quick condemnation: "This is outrageous."

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.
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.