September 28, 2023
Insurance companies routinely deny NYC buildings with subsidized tenants
Practice is now raising concerns among state and federal insurance regulators
Property owners, the rejections can set off a scramble for coverage
April 19, 2022
Rent board staff proposes increase of up to 4.5%
Average hike was 1% under Bill De Blasio
Landlords’ costs jumped across the board from April 2021 to March 2022 except for property taxes, which dropped 3.7% because […]
January 28, 2021
What New Policies Are Increasing Costs for Struggling NYC Landlords During COVID?
The real estate community's alarm over a recent proposal to install sprinklers in every apartment highlighted landlords
Rising liability insurance costs, and delays in city approvals that are making it increasingly challenging to break even financially.
November 10, 2020
Landlords call for investigation into soaring insurance costs
In one case, total insurance costs for a small owner (less than 150 units) more than doubled from $639 per unit to more than $1300 per unit in 2020. A larger owner (more than 500 units) also reported that their per unit costs jumped from $648 to more than $1000 in 2020.
Average insurance costs for the Bronx to be $720 per unit a year