July 14, 2021

For Smaller Landlords, Rent Moratoriums Just Pass The Payment Buck Up The Chain

But it’s been a long time coming, and many landlords aren’t happy

When it expires, renters will have to start paying again, or risk eviction and court

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July 11, 2021

NYC Renters Signing Record Numbers of Leases, But Rents Still Down

Number of listings on the market had risen 279 percent compared to this time last year.

Brooklyn, the median rental price was down 11.3 percent — to $2,700 — compared to June of 2020

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June 24, 2021

Rent Guidelines Board, voted 5 to 4 that on one-year leases

First six months of the lease but may increase it by 1.5% for the next six months.

On two-year leases, landlords may increase rent up to 2.5%.

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June 22, 2021

Rent Relief Has Arrived. Here’s How Landlords and Tenants Can Claim It.

Depending on your tenants’ income, they may be eligible for rent relief through the Emergency Rental Assistance Program

A new rent assistance fund began accepting applications this month

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June 10, 2021

Battle Over Rent Hikes Turns to Who’s Suffered More: Tenants or Landlords?

Landlords are making a last-ditch argument that helping tenants in need is the job of the government

The overall jump in expenses: 15%.

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June 10, 2021

New York Rents Appear Close to Bottom

After a year of record price declines, lease signings are up and landlords are pulling back on rent concessions

After months of record price cuts and concessions, New York City’s rental market appears to be turning the corner

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May 31, 2021

Bidding Wars And Broken Promises: New York City’s Rental Market Bites Back

Renters are seeking more space than they might have prior to the pandemi

Some listings are receiving multiple applications within 24 hours of hitting the market

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May 30, 2021

The Residential Rental Market

Investors describe New York's market as fragmented; institutional investors are coming back.

Rentals are now moving, there’s a pent-up demand, buyers are coming up to seller’s price.

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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 28, 2021

I read the number of rentals being warehoused has tripled. Is this legal

Landlords have increasingly opted to not rent their units at all, in the hopes that the market will soon shift and they will be able to charge the rents they want.

It’s not against the law for landlords to keep apartments vacant

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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

New York’s rent relief site goes live — without applications

Benefits include up to 12 months of rental arrears

New York’s rent relief site goes live — without applications New site has information on rental relief program

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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 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

NYC Rents Are Plummeting. But Will It Last?

Rents fell by 10% year-over-year, the largest annual decline in Brooklyn has ever experienced

The market reached a new milestone in the first quarter of 2021, as NYC rents hit record lows

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April 23, 2021

Falling rents double city’s supply of voucher-accessible apartments

Falling rents mean holders of the federal vouchers have more opportunity to live in convenient locations or in units with more space and amenities.

Eligible units are still outnumbered by Section 8 recipients

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April 13, 2021

What Does The Eviction Moratorium Mean For Landlords?

On March 31, the CDC sent out a message: it was extending its moratorium on residential evictions until June 30, 2021

Small landlords in the NYC area to find out what this means for them.

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April 08, 2021

Brooklyn, Manhattan rental markets “beginning to pivot”

Brooklyn rental market is on the upswing, particularly when compared to where things were a year ago.

Prices rising one year after pandemic hit, but don’t call it a full recovery yet.

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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 03, 2021

What landlords and tenants need to know about NYC security deposit laws.

HSTPA amended General Obligations Law (“GOL”) § 7-108 prohibit landlords from collecting more than one month of security or from taking any payment of future months’ rent

Landlords who charge more than one month’s rent for security at lease execution are taking a substantial risk.

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April 03, 2021

The Brooklyn-Manhattan Rent Gap Is Shrinking Fast

The future for New York’s rental market, and for working at home, remains hard to predict.

During the pandemic, the difference between the median rent in the two boroughs nearly vanished.

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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 30, 2021

CDC extends eviction moratorium until June 30

The federal ban on evictions has been extended yet again, bringing relief to tens of millions of renters struggling to catch up.

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March 29, 2021

My Tenant Won’t Pay, but Won’t Go. What Can I Do?

Most residential tenants fill out a hardship declaration.

There are no easy options when it comes to collecting back rent these days, so landlords would be wise to […]

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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 24, 2021

From bad to worse: Rent relief program still failing to reach New Yorkers

New York has paid out just $7 million out of $60 million available for struggling tenants

Barely 1% of tenants owing rent have received aid in second round

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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 20, 2021

Why affordable housing sits empty

I thought landlords were bluffing when they said the new rent law would force them to leave some apartments vacant.

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March 20, 2021

Landlords shun federal rent relief over program requirements

Tenants who received rent relief had landlords who declined to participate in the program.

Some of those property owners are turning down the funding that they’re eligible for

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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

While Rents Keep Declining, Signed Leases Rise in Brooklyn

Is this a sign that things are turning back to where they were pre-pandemic? Or does it show continued instability?

The shift in new lease signings seems to be happening quickly, especially for smaller units

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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

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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