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

Banks are requiring higher down payments in order to get to a deal, in some cases up to 30 percent or more as they continue to tighten their lending practices.

With tighter restrictions it’s more important than ever to shop around for a mortgage.

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 […]

Despite an uptick in investment and residential sales over the last month, the drop-off in tax revenue from such deals this year has reached $1.4 billion.

REBNY report shows missing money has hit 10 figures

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

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 […]

Shady dealings in a building’s finances may be evident from strange payment patterns or payments being recorded as credits.

I suspect my property manager is corrupt. How can I find out if they’re taking kickbacks, and what should our […]

Landlord representatives decry continued lack of financial relief

The extension comes as a pause on Civil Court deadlines was about to run out — which would have opened […]

Property taxes account for more than 40% of NYC’s tax revenue

Property taxes account for more than 40 percent of the city’s tax revenues, with real estate taxes accounting for more […]

Legislation awaiting Cuomo’s signature would ban multiple extensions by judges

If signed into law, would force property owners to fix their building within the court-imposed time limit, or risk losing […]

A building can not be legally occupied. So if you are in a building that doesn’t have this document, except in some rare instances, you run the risk of the city issuing a vacate order

It states how a building can be used—and covers both the type of use the building is zoned for

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

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

There are plenty of rules and red tape associated with the 1031 exchange program. Read on for more details.

If it’s an investment property, rather than your primary residence, you can be taxed on your capital gains—i.e.,

Attorney General Letitia James, who announced agreements in the four cases involving the fraudulent use of the 421-a program

Four New York City developers have been fined over half-a-million dollars after trying to skirt rent regulations.

They allow landlords to start eviction proceedings now & don’t require them to tell tenants about the protections that are available.

CDC rules say such tenants can’t be physically removed from their homes before the end of the year.

Most years, investment increases about 9% from the 2nd quarter to the third.

After the pandemic dramatically slowed commercial real estate deals across the U.S., the summer saw an uncharacteristically high uptick — […]

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 […]

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 […]

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.

16.41% of residential tenants paid no rent by the middle of October. This is an improvement from last month, 19.43% residential tenants paid no rent.

Without help from the government, more than 15 percent percent of landlords say they do not think they’ll be able […]

Violations of $1,500 to $3,000 per day, instead of the current fine of $500 to $1,000.

Public Advocate Jumaane Williams introduced new legislation mandating a new landlord “watchlist

Sales of commercial are down 45%+ this year through September, according to a report Thursday by the Real Estate Board of New York.

Sales in NYC are plummeting, and so is the tax revenue that’s generated with every transaction.

Litigation against tenants is way down since the passage of the HSTPA last year

It’s been 16 months since the new rent laws were passed. What has the impact been on NYC rent-stabilized and […]

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 & […]

Evictions may resume in New York on Oct. 12, but with “important caveats,”...

In a memo released Oct. 9, Administrative Judge Lawrence Marks said that residential evictions — including those for non-payment of […]

Renters surveyed uncertain of ability to make rent, but industry rent data shows market-rate payments

Millions of renters believe they will be evicted from their homes in the next two months due to eviction, according […]

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 […]

Bill faces headwinds from the Senate and White House

The first stimulus package, the $2.2 trillion CARES Act, passed with bipartisan support in March and helped stave off a […]

It’s “still full of loopholes,” as one lawyer put it

“It doesn’t stop evictions. It doesn’t stop cases from moving forward. It doesn’t stop landlords from filing cases…

Developers can say they are losing money, despite rising asset values

For residential rental properties, the depreciation period is 27.5 years and for non-residential it is 39 years, according to the […]

Trump Faces New Scrutiny Over Tax Returns

Personal assets remain off-limits to landlords

It applies to restaurants, bars, gyms, theaters, retailers subject to in-person restrictions, barbershops, hair salons, tattoo & piercing parlors.

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 […]

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

Project Parachute says philanthropies have added $3M to help New Yorkers facing eviction

Donors have added $3 million to a landlord-backed initiative begun in May to help some of the neediest New Yorkers […]

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 […]

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

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

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…

The moratorium was set to expire Sept. 30, but the governor signed a new executive order

New York’s moratorium on commercial foreclosures and evictions will be in place until at least Oct. 20, Cuomo announced on […]

What happens when local and federal eviction bans lapse?

Many renters don’t even know CDC eviction protection is an option for them.

Fed plans to keep interest rates low for the next few years, and will continue buying mortgage-backed securities

Fed signaled that short-term interest rate will remain at 0 to 0.25 percent, and projections are, rates will remain near […]

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.

Data from Princeton University’s Eviction Lab shows that filings dropped in 16 cities during the second week of the month

Princeton University’s Eviction Lab finds drop in 16 cities

The average rate for a 30-year fixed-rate mortgage dropped .07 percentage points for the week ending Sept. 10

The rates for a 30-year fixed-rate mortgage dropped 7 percentage points for the week ending September 10, reaching 2.86 percent.

Yes, some buyers are leaving Manhattan. But others are doubling down on Brooklyn.

Construction continues around the City Point complex in Downtown Brooklyn, one of the most active neighborhoods for new condo sales […]

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 […]

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 […]

Friday for at least three weeks — and both state and city officials are taking credit for giving homeowners and landlords a break.

Cuomo, de Blasio both announce that they postponed sale…

Here’s a running list of COVID-19 protections for renters and owners in NYC and NJ

As COVID-19 transforms New York City, public health orders at the city, state, and federal levels have been put in […]

Renters receive more relief, but there’s a looming problem for landlords, especially those who own just a few properties.

Eviction crisis has seemed increasingly likely this summer…

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…

Washington allows for some evictions and could also call state and local legislation into question

Washington’s new eviction ban shocked landlords and tenants when it came not from the agencies that oversee housing…

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…