June 08, 2021

State renews J-51, putting tax break’s fate in city’s hands

The J-51 ball is now in the city’s court.

Program to subsidize renovations expired a year ago

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June 03, 2021

Where mayoral candidates stand on real estate

Among the top eight candidates, several could be seen as allies by real estate.

Differences emerge on industry donations, housing policy, taxes

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May 28, 2021

All eyes on de Blasio after City Council approves housing voucher increase

Values would increase to $1,945 for a one-bedroom or $2,217 for a two-bedroom

Bill would increase subsidies for homeless New Yorkers to federal levels

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May 25, 2021

New York rent relief applications open June 1

The state legislature approved the $2.7Bprogram in the budget that passed in early AprilThe state legislature approved the $2.7B program in the budget that passed in early April

Program will allocate $2.7B to tenants, landlords hit hard by pandemic

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May 17, 2021

Where the lawsuits challenging NY’s 2019 rent law stand

Fighting an uphill battle, plaintiffs set their eyes on a sympathetic Supreme Court

Five separate suits challenging the law’s constitutionality are still taking up space on court dockets.

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May 13, 2021

Rental-to-condo conversions drop 80% after 2019 rent law: report

51% of tenants in a rental building must agree to buy their unit for a conversion to take place

Post-2019 change, 51% of tenants must buy into conversion plans

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May 12, 2021

City expands free legal services for tenants, fearing eviction rush

New York renters will have another lifeline when the statewide eviction moratorium sunsets.

Mayor signs bill giving representation to all low-income renters facing eviction

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May 11, 2021

Federal guidelines could complicate state’s rent relief rollout

It is unclear how the state will need to revise its program based on the new guidelines

State must offer funds directly to tenants if landlords choose not to participate in the program

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May 05, 2021

Rent relief hinges on dwindling goodwill

Landlords who accept it can’t evict a paying tenant for a year

New York landlords and tenants will gain access to $2.3 billion in federal aid allocated by the state.

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May 03, 2021

New York votes to extend eviction ban through August

Certain residential and commercial tenants can now avoid eviction until at least Aug. 31.

Frustrated landlords demand Albany get rent aid out the door

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May 03, 2021

Biden’s proposal to cut 1031 exchanges may be “tremendous blow” to real estate: experts

100 days into his administration, the president has called for partially eliminating like-kind exchanges.

Uncertainty surrounding capital gains tax break lingers

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May 03, 2021

City rent board missing landlord rep ahead of preliminary vote

With just four days until its preliminary vote, the city’s rent board is still one landlord voice short.

Real estate groups say lack of representation is par for the course

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May 01, 2021

Albany Appears Poised To Extend Eviction Moratorium Again

Albany legislators are expected to vote Monday to extend the state’s eviction moratorium until August 31s

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May 01, 2021

Landlords seek up to 5% rent hike on stabilized apartments

Rent Stabilization Association, which represents 25,000 landlords, requested an increase of between 2 and 4 percent on one-year leases and 3 to 5 percent on two-year leases.

Property owners testified at Rent Guidelines Board’s Thursday meeting

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May 01, 2021

New bill would mandate retail lease renewals in NYC

A landlord fails to give a tenant the required notice, the amount they can raise rent during that one-year extension can drop to as low as 7%.

Tenants would have one-time option to extend leases up to a year

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April 27, 2021

Lawmakers to extend eviction, foreclosure protections through August

Landlords argue state lacks rational for extension

The extender bill is expected to go to a full vote in the Senate and Assembly later this week.

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April 23, 2021

43.4% Capital Gains Tax?

Biden officials leaked that they will soon propose raising the federal tax on capital gains to 43.4% from a top rate of 23.8% today.

Make that more than 55% if you live in New York or California.

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April 08, 2021

Real estate’s wins and losses in new state budget

$4.3B in “temporary” tax increases on the personal income of New York’s highest earners and on corporate income.

More than $2 billion in federal and state rent relief, but also tax hikes exceeding $4.3 billion.

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April 08, 2021

NY close to approving $2.4B rent relief bill — but its rollout will be the real test.

Landlord, tenant groups voice concerns about certain provisions.

Newly bill, would bar evictions and rent increases for one year in cases where landlords accept aid.

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April 01, 2021

Tenants and Landlords’ Future Hang in Balance Over State Budget. Here’s What That Means

New York has $2.3 billion from the federal government

Albany finally have the big bucks to pass a substantial relief program as part of the state budget

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March 25, 2021

NY’s Second Round Of Rent Relief Only Distributes $7 Million Of $60 Million Available

It’s estimated that between 800,000 to 1.2 million households in New York collectively owe more than $2 billion in rent

Second Round of Rent Relief Reached Even Fewer People Than First

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March 22, 2021

Housing advocates pressure lawmakers to ban no-cause evictions, rent increases

The Senate proposal would prevent landlords receiving rent relief from evicting tenants for nonpayment

Senate and Assembly released their one-house budget resolutions, providing a snapshot of each chamber’s priorities

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March 16, 2021

Manhattan judge upholds 2019 rent law

In his decision, Ramos said the landlords “knowingly entered a highly regulated industry,” according to the report.

Judge says landlords have no constitutional right to “unregulated market”

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March 12, 2021

Commercial eviction moratorium expanded, extended through May

Cuomo first announced a State moratorium on residential and commercial evictions on March 20 last year for a period of 90 days.

The state legislature is set to extend the eviction moratorium on small businesses and landlords with fewer than 10 apartment […]

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March 12, 2021

Biden’s Stimulus Package: What’s In It for Real Estate?

The bill includes a variety of measures to provide relief to households, businesses, public institutions, and local governments.

$23.5 billion will be allocated for New York.

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February 26, 2021

Lawsuit challenges New York eviction ban’s constitutionality

Five small landlords sue AG Leitia James over hardship declaration requirement

Blanket moratorium on evictions is unconstitutional.

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February 24, 2021

Where mayoral candidates stand on real estate

Mayoral contenders have tapped into several discussions about curbing for-profit development.

Differences emerge on industry donations, housing policy, taxes

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February 22, 2021

How Landlords Get COVID Relief Funding

Assistance is available, and how to apply so you can take advantage of this program

Commercial real estate investors that can be accessed through state and local governments

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February 20, 2021

Lawmakers call for $2B in rent relief in state budget

More than 30 Assembly members called on Heastie to push for the inclusion of $2.25 billion in rent relief in the 2021 state budget

Assembly members also want rent debt forgiveness for tenants

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February 04, 2021

New Bill Would Legalize Basement Apartments in New York

That proposal hasn’t progressed much, but state officials are now taking steps to push that vision forward.

Measure on accessory dwelling units comes with rent control

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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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January 27, 2021

The NYC Real Estate Industry Wants Big Things From Biden. Take a Number

54% of New York state voters believe the Biden presidency will be good for New York

Real estate leaders support Biden’s plan for $25 billion in rental assistance

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January 27, 2021

Five key real estate proposals in Cuomo’s budget

Evictions, emissions, infrastructure among governor’s priorities

Commercial eviction ban | Office and hotel conversions | Emission cap workaround | Tax and disclosure changes | Infrastructure

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January 27, 2021

Lawmakers one-up Cuomo with commercial eviction and foreclosure bill

Commercial tenants would not be required to disclose the amount of relief they have already received

Ban evictions of businesses with fewer than 50 employees until May 1

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January 27, 2021

Industry heavyweights back New York’s fight against controversial rent laws

We think the arguments laid out in our brief and supported by the amicus filings today will be successful

We look forward to restoring property rights to thousands of property owners

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January 21, 2021

Biden to extend limits on evictions, foreclosures

President Joe Biden is extending federal limits on evictions through at least the end of March.

Biden is expected to move quickly to extend protections for renters, Bloomberg reported, and may sign an executive order within […]

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January 14, 2021

Landlord-tenant implications of New York’s new Covid Emergency Law

Provides no relief to landlords and mortgagees, no way to force the property to be income producing

If a tenant files a Hardship Declaration with an Owner, the Owner cannot bring an eviction proceeding before May 1, […]

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January 12, 2021

Empty commercial space to become homes under CUOMO recovery plan

New York’s real estate leaders have applauded Governor Andrew Cuomo’s plans to rebuild the economy after COVID, which includes converting surplus commercial space into housing.

Plan to rebuild the economy also included legalizing adult-use cannabis and online sports betting tax to help plug a $15 […]

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December 27, 2020

Albany strikes deal on eviction and foreclosure bill

Limits on ousting tenants will be in place until May 1

Cuomo had previously said he intended to extend existing legislation limiting evictions, portions of which were to expire at the […]

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December 24, 2020

Lawmakers rush to pass more limits on residential evictions

State lawmakers are racing to pass legislation before the end of the year to significantly expand upon the existing limits on residential evictions.

Move comes hours after governor says current regime will be extended

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December 22, 2020

New York to get $1.3B for rent relief in stimulus package

Congress has finally reached a deal on a relief package that includes $25 billion in rental assistance, of which New York would receive $1.3 billion.

Landlord groups say it’s a good start, but not enough

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December 22, 2020

Congress came through. Why is real estate not satisfied?

Its omission of funding for city and state governments, however, means real estate will have to fight next year, in New York and probably elsewhere, to stave off tax increases.

Holes in the federal aid package will hurt the industry starting next year

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December 10, 2020

With a new supermajority, Democrats eye more progressive real estate protections for renters.

The Albany Democrats' progressive agenda is making some in the real estate community jumpy.

Since the mid-terms, Democrats have held the majority of seats but a supermajority allows Democrats to override any veto from […]

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December 10, 2020

Housing Fights to Be Heard in the Mayoral Race

The New York mayoral race may pivot on how well the candidates address a long list of housing policy proposals put forth by a wide-ranging coalition.

A coalition of housing groups releases a blueprint that includes rezoning affluent neighborhoods, legalizing basement apartments and turning hotels into […]

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