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

The Other Side of Rent Debt: Five Small-Time Landlords Who Are Stuck

Hardship fund for small landlords and homeowners

Thousands of small landlords who have had their finances fractured by a year of eviction moratoria

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February 24, 2021

A reckoning on rent

Eviction bans and the weakening of the rental market have made landlords less inclined to play hardball

Tenants owe landlords $57 billion. What happens when they don’t pay?

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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 12, 2021

How will renting in NYC change if mom-and-pop landlords cash out?

Small property owners are more likely than institutional landlords to own smaller, more affordable buildings

Mom-and-pop landlords say they’re being chased out of New York City

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February 11, 2021

Landlords hail relief bill as end of “cancel rent”

This bill does not purport to cancel rent, this bill pays the rent.

Newly amended legislation would distribute $1.3B in federal funds.

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February 11, 2021

Manhattan and Brooklyn renters sign leases in record numbers.

Rental activity that defined the Manhattan and Brooklyn markets at the end of 2020 has continued in the new year.

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February 11, 2021

NYC’s Small Landlords of Color Among Those Battling for Survival Amid Rent Moratorium

Large rent arrears mean owners are in default in majority Black neighborhoods.

Repeat of the foreclosure crisis with a disproportionate impact on Black and Hispanic landlords.

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February 10, 2021

Rental payments improve in February after stimulus payments

Monthly survey of 11.6M rental units showed slight uptick from January

That’s a slight uptick from last month, when 76.6% of renters made a payment by the first week of the […]

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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

Landlords increasingly turn to lawsuits against nonpaying retailers

As dues enter into millions, lawsuits are flooding in

It’s been nearly a year since the start of the pandemic — and for some retailers, that means it’s been […]

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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

Multifamily landlords feel pain as tenants miss rent payments

Though some banks have backed away from lending to multifamily, some investors are finding a niche by giving struggling apartment owners high-interest financing.

The share of the riskiest apartment debt held by banks rose to 17%

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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

New York Rents Continue to Slide, While Sales Rebound in Brooklyn

Brooklyn, the December median rent, including concessions, was $2,564, down 11.4% from a year ago

Landlords in December continued to offer discounts not seen since the Great Recession

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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 09, 2021

Extend commercial eviction ban through the spring

Some commercial landlords have agreed to payment plans or lease payments based on a percentage of tenants’ income

The ban on commercial evictions may continue through the spring, if Gov. Andrew Cuomo has his way.

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January 05, 2021

What will make or break New York’s residential market in 2021

Federal Reserve’s commitment to keep interest rates low until 2023, there may be a light at the end of the tunnel.

Rents are in freefall and the vacancy rate hit an all-time high of 5 percent.

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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 26, 2020

The Real Estate Collapse of 2020

The median rent in November fell about 6 percent in Brooklyn and Queens, to $2,400 and $2,100, compared with the same period last year.

The pandemic devastated the housing industry this year, but there were a few flickers of life.

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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 23, 2020

The Evictions Are Coming. Housing Activists Are Ready.

Orders to halt evictions in New York expire soon. What happens next?

“We have this big coalition of organizations that are working to put pressure on the landlords directly to reduce the […]

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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 17, 2020

Half of NYC landlords losing money

20.97% of tenants living in rent regulated apartments paid no rent for December, up from 17.56% in November.

The government needs to step up and provide rental assistance to renters who cannot afford to pay, and give housing […]

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December 16, 2020

NYC Rent Declines Surpass Those of the Great Recession

New York City rents have fallen more this year than they did during the Great Recession

Brooklyn, rents dropped 6.3% year over year, and the median asking rent was $2,400. After the 2008 financial crisis, rents […]

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December 15, 2020

Move for a Better Deal, Then Spite-Watch the Falling Rent on Your Old Place

That’s when she realized the apartment had been listed for $2,583 per month, $720 less than the landlord had been asking them for.

Her landlord told her the rent was increasing from $3,250 to $3,300. Knowing that it was a renter’s market, Knibbs […]

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December 10, 2020

Tenants sign leases in record numbers but rents stay down

In Brooklyn, new leases signed last month were up nearly 28 percent, with 1,122 deals compared to last year’s 878.

The median net effective rent in Brooklyn was $2,619, down 8 percent from $2,855 a year ago. Inventory also remained […]

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December 04, 2020

Cuomo to ease requirements for rent relief

The funds were provided under the CARES Act and will be returned to the federal government if not spent by Dec. 30

$60M in funds will be returned to federal government if not used by Dec. 30 deadline

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November 17, 2020

Advocates call for hardship fund for landlord

The package would include a hardship fund for small landlords that could enable cancellation of rent in the state.

A federal relief package benefiting New York may not happen until February

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November 13, 2020

Landlords pull renters back to NYC with low rents and concessions

New leases hit the highest October total in 12 years, rising 33.2 percent over October 2019

Renters returned to Manhattan and Brooklyn in October—in a big way. Months of falling rents and rising concessions—spurred by a […]

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November 06, 2020

NYC rents and inventory dipped in October

Median rent dropped by 3%, and 27K apartments are available

Brooklyn saw a decline in both prices and inventory. The median rent fell 3% to $2,615 from $2,700 the month […]

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November 03, 2020

New York denied rent relief for 57K applicants

The state’s Division of Homes and Community Renewal has turned down thousands of applicants

More than 57,000 New Yorkers who didn’t meet the program’s requirements did not receive aid from the agency

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October 30, 2020

NYC’s largest multifamily lender says rent collections are at pre-pandemic levels

NYC largest multifamily lender said rent collections in its loan portfolio have returned to pre-pandemic levels and the vacancy rate less than 3%

NYCB execs say apartment vacancy rate is low; share price down 31 percent this year

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October 23, 2020

Dead weight: A breakdown of NYC’s rental listing glut

Manhattan listings make up the bulk of NYC rentals on the market

The pandemic and subsequent shutdowns have dealt a serious blow to New York City landlords, sending vacancy rates soaring and […]

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October 22, 2020

Rent collections in market-rate apartments stagnate in October

Rent payments are down 2% since 2019 but unchanged from September

The National Multifamily Housing Council’s monthly payment tracker, which collects data on collections in 11.4 million market-rate units, found that […]

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October 21, 2020

8 tips for first-time landlords in New York City

if you are new to being a landlord, your checklist should include getting up to speed on the impact of the 2019 changes to the rent laws...

If you are new to being a landlord it’s worth going to extra lengths to find a financially qualified tenant.

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October 16, 2020

Rents continue to drop, & landlords are feeling the crunch

Small property owners will take to the streets to demand action

Rents across the city continued their downward slide in September, and hundreds of frustrated landlords are feeling the crunch & […]

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October 10, 2020

New York Real Estate Is On the Mend

The recovery is tenuous, but renters are returning, buyers are getting deals, and those who stayed are finding a measure of vindication.

New Yorkers who left at the peak of the pandemic are starting to come back, lured by a range of […]

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September 28, 2020

New York’s residential eviction protections extended through December

Gov. Andrew Cuomo signed an executive order extending the Tenant Safe Harbor Act until Jan. 1, 2021.

The law prohibited courts from issuing eviction warrants for unpaid rent that was due from the beginning of the crisis […]

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September 28, 2020

From unthinkable to reality: Cheap NYC apartments sit vacant

Several rent-stabilized apartments sitting vacant, with no plans to renovate them Last year’s legislative changes have her rethinking the future.

Landlords explain why even affordable units are empty

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September 24, 2020

Tenants get seat at table for legal challenges to rent

Lawyers representing tenants will be a party to all 5 cases, although landlords had argued for their exclusion

To the dismay of landlords, tenants now have a seat at the table in the legal challenges to New York’s […]

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September 24, 2020

Commercial Property Crisis Signals Hazards for Local Banks

Retail & apartment vacancies rising & rents falling, & employers cutting...

Before the pandemic emptied the city, few lenders benefited from the heady local real estate market…

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September 23, 2020

The Stoler Report, Real Estate Trends, broadcast featuring real estate and business leaders.

What's Really Happening in the NYC Residential Market?

New York’s residential markets to a crisis: a decline in rents, largely in affordable multi-families with work-force tenants…

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September 18, 2020

Landlords lost about $9B in rental payments last quarter

Missed mortgage payments during the period totaled about $16B

Almost 11 million households were behind on rent or mortgage payments during the first three months of the pandemic.

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September 10, 2020

Neighborhood Hit Hardest Burdened COVID-19

The pandemic hit hardest in areas already bearing the brunt of the city’s affordability crisis.

As the rate of new COVID-19 cases has slowed in New York City, relief from the city’s high rents has […]

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September 09, 2020

Wall Street calls BS on apartment landlords

Many apartment landlords across the U.S. maintain that tenants are paying rent...

Some multifamily owners have pegged occupancy rates at 90%, but a key index that tracks publicly traded landlords has fallen […]

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September 04, 2020

Trump eviction moratorium closing emergency doors

In the order, the CDC says COVID-19 “presents a historic threat to public health”

New York’s rental housing providers have rounded on the Trump Administration after it introduced a new moratorium on…

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September 04, 2020

No-fee rentals surge in Manhattan and Brooklyn

No-fee listings in Manhattan and Brooklyn are increasing, as the city sees an exodus of residents

No-fee listings made up 75 to 85 percent of all listings in Manhattan and Brooklyn in August, the New York…

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