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

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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 […]

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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.

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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

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