Items Tagged with 'New York City rent'

ARTICLES

  • Federal authorities order sweeping overhaul of failing New York public housing

    NYCHA required to "fundamentally reform" its operations
    Federal authorities this week took a major step toward reforming and rehabilitating New York City's unsafe, unsanitary, and in some cases, illegal public housing. HUD, the Manhattan U.S. Attorney, and the EPA are taking more control of the NYCHA in an effort to remedy numerous problems, including lead paint, mold, pest infestations, broken heaters in the winter, and non-functioning elevators in New York's public housing.
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  • New York landlord accused of running sham co-ops, overcharging renters for decades

    Units will be turned into rent-stabilized apartments
    Two New York City co-op corporations overcharged renters for decades by operating apartment buildings as for-profit rental buildings instead of as co-ops. According to the New York Attorney General, the buildings rented out the apartments at market rate, thereby denying residents the homeownership opportunities that come with a co-op and overcharging them for their apartments.
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  • Judge sides with Airbnb, HomeAway; blocks NYC law requiring sites to disclose user data

    Law will not take effect during court battle
    A federal judge on Thursday sided with Airbnb and HomeAway and blocked a New York City law that requires the short-term rental platforms to disclose a significant amount of user data. The preliminary ruling comes in a lawsuit filed against New York City by Airbnb over a new law that requires short-term rental sites to reveal hosts’ data.
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  • Rentlogic raises $2.4 million in seed funding to grade NYC apartment buildings

    Proptech startup is latest in a string of startups receiving attention from investors
    Rentlogic, a tech platform utilizing an algorithm and public data to grade New York City residential buildings just closed a $2.4 million seed funding round. Funding came from Urban-X, Urban.Us and Edgar Bronfman Jr., and Rentlogic intends to use the funds to expand its operations and its sales team.
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  • New York sniffing out tenant harassment allegations against Kushner Companies

    State investigating allegations that the company harassed and endangered tenants
    New York is launching an investigation in Jared Kushner’s real estate company on allegations that Kushner Companies harassed tenants at a Brooklyn waterfront property. New York decided to intervene after tenants at the Austin Nichols House, a rent-stabilized community, filed a lawsuit against the company for starting major construction on the property that released toxins into the community's air.
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  • New York City proposes sweeping new rules for security deposits

    City comptroller calls for security deposit limit of one month’s rent
    New York City is in the middle of an affordability crisis, and now, the city is proposing sweeping new rules to address one piece of the affordability crunch that often stands in the way of renters finding a quality apartment or moving to a new one – the security deposit. Over the weekend, the city released a new proposal that would put limits on how much landlords can charge renters upfront.
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  • New York City guarantees legal representation to low-income residents facing eviction

    City will pay for legal counsel for low-income tenants
    Over the last several years, New York City has been aggressive in seeking to decrease the number of evictions that happen in the city, going so far as set aside nearly $50 million in 2014 and 2015 to provide legal services for residents facing eviction. Now, the city is taking its fight against evictions to another level by becoming the first city in the country to guarantee legal representation to low-income tenants who are facing eviction.
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  • Zillow Group bolsters New York real estate business, buys Naked Apartments

    Grows NYC operations beyond StreetEasy
    Zillow Group, the parent company for online real estate portals Zillow and Trulia, is growing its operations in New York City with the acquisition of Naked Apartments, which bills itself as "New York City's largest rentals-only platform." Naked Apartments is "dedicated to simplifying the rental process" for renters, brokers and landlords in New York City, where, according to Zillow-provided data, approximately 70% of the population rents their home.
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  • Penthouse owned by ‘Psychic Hotline King’ is NYC’s 2nd most expensive rental

    The man who brought us Miss Cleo commands $100K a month in rent
    The man who was once called the “Psychic Hotline King," and the man that brought “Miss Cleo” into everyone’s TV throughout the 1990’s with their omnipresent infomercials, is also now the landlord commanding the second highest rent in all of New York City. Yes, you read all of that right.
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