New York Real estate

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NYC Landlords Now Banned From Forcing Tenants To Pay Thousands of Dollars in Real Estate Broker Fees

The City Council passed the bill with a veto-proof majority of 42-8. Landlords in New York City are no longer allowed to force their tenants to shoulder thousands of dollars in real estate broker fees in a new legislation passed Wednesday.
Becoming Squatters, How Life Can Suddenly Change

New York Passed a New Law to Combat Rising Squatting Incidents

The new law will allow police to intervene in squatting cases instead of forcing the homeowner to file an eviction lawsuit in court.
7 Ways to Use Outdoor Advertising In New York to Promote Your Real Estate Business

Here’s a Full Look into New York’s Plan To Address the State’s Housing Affordability Crisis

The new plan includes a clause that would help bolster the development of affordable housing units and provide tenants protection.
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New York Could Soon Introduce a Bill To Ease Housing Affordability Crisis

The bill would allow developers to convert vacant office buildings to apartment units and make it more affordable to build new properties.

Some States See Alarming Rise in Office Vacancy Rates

The office vacancy rate in San Francisco, for instance, soared past 36%. Some states in the U. S. are now seeing an alarming increase in office vacancy rates, partly due to the ongoing shift towards hybrid and remote working.

Real Estate Investors Threaten To Pull out of New York Following Recent Trump Verdict

A recent verdict in a business fraud trial by a New York judge ordered Donald Trump to pay a fine of $355 million plus interest in fines.
NYC Mayor Adams And Manhattan D.A. Alvin Bragg Make Law Enforcement Announcement

NYC Mayor Eric Adams Sued Over Failure To Implement Laws Addressing Homelessness

The lawsuit was filed Wednesday at the Manhattan Supreme Court by a group representing low-income New Yorkers on a variety of legal matters.
Rents In The U.S. Fall For Third Month In A Row

New Yorkers Spend Over $10,000 in Upfront Costs for a Rental: Report

The upfront cost of moving in New York increased by 28.7% from the average cost before the COVID-19 pandemic.
Activists Call On NYC Mayor And Housing Authority To Address To Jacob Riis Houses' Water And Gas Crisis

NYCHA Chiefs Repeatedly Rejected Proposals on Curbing Corruption for Years: Report

The Department of Investigation previously warned then-NYCHA Chair Greg Russ about the potential for corruption related to the housing agency's no-bid contract process.
The Opening of The XI Gallery With Bjarke Ingels, Es Devlin and Helene & Ziel Feldman

Prominent NYC Real Estate Developer Charged in $86M Fraud Scheme: DA

The real estate developer also allegedly defrauded the city $15.6 million in unpaid property tax. A prominent New York real estate developer has been arrested and charged in connection to a fraud scheme worth $86 million, according to the Manhattan District Attorney's Office.
Activists Call On NYC Mayor And Housing Authority To Address To Jacob Riis Houses' Water And Gas Crisis

NYCHA May Now Be Required To Disclose All Public Housing Contracts Following $2M Bribery Scheme: Report

The new bill would require the NYCHA to disclose information about the services it is procuring and the identities of the parties involved in the transaction.
zoom room

One Official Involved in $2M NYC Corruption Scandal Was Suspended After Naked Zoom Call

New details have emerged about some of the 70 NYCHA employees involved in the $2 million bribery scandal, including one who was suspended for appearing naked in a work-related call.
NYC Mayor De Blasio Announces Plan To Overhaul City's Public Housing

70 Current and Former Employees of NY Public Housing Authority Charged in Historic Corruption, Extortion Case

The NYCHA employees pocketed over $2 million in cash payments for no-bid repair contracts. Federal prosecutors in New York on Tuesday unsealed bribery and extortion charges against 70 current and former employees of the New York City Housing Authority (NYCHA) for allegedly pocketing over $2 million in cash payments for no-bid repair contracts.
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New York Real Estate: Major Reasons Why It Slumped in 2023, Revealed

New York City's sales fell to just 8 transactions in mid-September from 31 in June's first two weeks.
Renters want to move out of NYC

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.

Celebrity Homes for Sale: Company Heiress Lists Historic Vanderbilt Mansion for $55M

Another pricey New York property appeared again in the market as a 12,000-square-foot Vanderbilt Mansion on East 69th Street is asking for $55 million.

New York Listings: Co-op at 834 Fifth Avenue Now Most Expensive Listing for $120M

This 834 Fifth Avenue pad previously owned by financier John Gutfreund who passed away earlier this year is now up for sale for $120 million.

Home for Sale: Real Life Wolf of Wall Street Character Lists Home for $24.9M

The banker-turned-entrepreneur and semi-professional racecar driver Alan Wilzig has relisted his New York home with a whopping $20 million price cut.

Celebrity Homes for Sale: Uma Thurman Lists Gramercy Park Co-Op for $6.25M

Actress Uma Thurman listed her Gramercy Park co-op that comes with a coveted key to the park for $6.25 million.

Donald Trump Real Estate: Ranking of the Republican Candidate's New York Properties for Sale

Republican candidate and presidential hopeful Donald Trump may be new to politics, but he is no newbie when it comes to New York properties.

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.
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