New York City real estate

Renters insurance: what it is and why you need it

NYC Bill Relieving Renters of Broker Fees Passes Without Mayor's Signature. Real Estate Groups Are Suing To Stop It

The bill of FARE Act will prevent landlords from requiring renters to cover broker fees, which can amount to 15% the annual rent.

New York City's Iconic Flatiron Building To Become Apartments

New York City’s Rent Has Increased So Much That Even Workers Making $135,000 Can’t Afford It: Report

The asking price for rental properties in New York City was $3,425, up $76 from August 2023. The median asking price in New York City has continued to increase year-over-year and shows no signs of letting up.

One in 10 Homes in NYC Are Now Being Sold To Out-Of-State Buyers: Report

New Jersey buyers made the largest share of out-of-state purchases in New York City in the first six months of 2024.

Activists Call On NYC Mayor And Housing Authority To Address To Jacob Riis Houses' Water And Gas Crisis

NYCHA Ramping up Efforts To Evict Delinquent Tenants: Report

NYCHA evicted more than 60 households in the first quarter of 2024. The New York City Housing Authority (NYCHA) has recently ramped up its efforts to evict tenants who failed to pay their rent as it continuously shells out money to cover related services.

NYC to Vote on Increasing Rent by up to 6.5% for Rent-Stabilized Apartments

Landlords in New York City can begin raising hikes in October once the panel approves of the increases.

New York City Could Soon Ban Brokers From Charging Expensive Fees to Renters

New York City renters typically have to shell out 10% to 15% of the annual lease amount in broker's fees.

Most New York City Homes Are Now Unaffordable, Even for High-Earning Tech Workers

The median asking rent in New York City is now the highest recorded since 2010. Homes in the Big Apple have become so unaffordable that even high-earning tech workers are getting priced out of the market.

New York City Leads List of Cities Converting the Most Office Spaces Into Apartments: Report

More than 700 hotel spaces in NYC were converted into apartments in 2023 alone. The city of New York is now the top city with the most number of commercial spaces converted into apartment units and homes.

‘Worst Landlord’ in NYC Indicted for Harassing Tenants With Unsafe Living Conditions

In one of the landlord's apartment buildings, leaky pipes caused the ceilings to collapse on a young child.

NYC Rent Board Backs Plan for Increases for Rent-Stabilized Apartments

The planned hikes would increase rent between 2% and 6.5% for rent-stabilized apartments depending on the lease.

New York City Squatters Sue the Owners of $930K Investment Home They Invaded

The squatters were also granted an emergency lockout in Queens Civil Court. A pair of alleged squatters have recently sued the rightful owners of a $930,000 investment home that they took over, according to a report.

Homeowner Arrested After Attempting To Remove Squatters From $1M House

The homeowner is now forced to file for eviction in landlord-tenant court, which could take an average of 20 months to resolve.

65-year-old Ridgefield Park man faces charges for real estate fraud scheme

NYC Man Who Stayed Rent-Free in a Historic Hotel Due to a Loophole Sued After Attempting To Claim Ownership of the Property

A 48-year-old New York City resident attempted to steal ownership of the historic New Yorker Hotel. A New York city man has been arrested and charged with repeatedly filing false property records claiming ownership of the historic New York Hotel, in which he lived rent-free for five years using a loophole in the housing law.

Why Are Renters Eager to Move Out of NYC?

Many long-time New York City residents are considering to permanently relocate as a result of the pandemic, Forbes reported.

New York RE see strong interest from foreign investors

New York RE Sees Strong Interest From Foreign Investors, as New Listings Rise After Phase 2 of Reopening

The New York real estate market is seeing an increase in investment interest from foreigners, and as the city enters phase 2 of its reopening, new listings and contract activity rise.

House Tours: 'Psycho House' Becomes Part of Manhattan Skyline

Here is some information about the Psycho House inside the Metropolitan Museum of the Arts. Here's a look at a house that has been dubbed as a "Psycho House" and that recently became part of the Manhattan skyline.

Real Estate News: New York City Building for Sale for $50M

A penthouse in New York City is currently being sold for $50 million. A building in New York City is currently being sold for $50 million. According to Elle Décor, the building's penthouse situated on 71-73 Franklin Street is now up for grabs.

New York Listings: Rolling Stone Founder's Former Upper West Side Mansion Listed for $19M

The current owner of this Upper West Side mansion has listed it for $18.95 million. The current owner of this Upper West Side mansion has listed it for $18.

Insana Predicts Crash of Manhattan Real Estate Market

Manhattan real estate news contributor Ron Insana warned that New York City's real estate market was about to crash. He claimed that while the Manhattan skyline was filled with construction, reflecting a building boom, it was all for high end condominiums.

New York City Listings: One Bedroom Apartments in Lower Manhattan Asking for Less Than $700K

Manhattan may be one of the hottest real estate areas in New York now, but there are still properties which one can get for at most $700,000.

New York City Listings: Apartment With Own Indoor Basketball Court Listed for $20M

A unique 8,000-square-foot Manhattan townhouse has been listed in the market for $20 million. A unique 8,000-square-foot Manhattan townhouse has been listed in the market for $20 million.