NY falls behind Dallas, LA in CRE investment as deals surge nationwide
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 — […]
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 […]
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 […]
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.
One sixth of NYC landlords on brink of default
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 […]
“It’s compliance warfare”: Industry slams landlord accountability bills
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
NY Lost $755 Million in Tax Revenue from Real Estate Deals
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.
Landlords less likely to take tenants to housing court because of the new rent laws?
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 […]
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 & […]
Housing Court: New York evictions can resume Monday
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 […]
3.7M renters may lose their homes due to eviction
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 […]
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 […]
$2.2T House stimulus package would ban evictions for 12 months
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 […]
Governor Cuomo’s ‘Moratorium’ on Evictions Won’t Really Stop Evictions
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…
Here’s why Trump loves depreciation
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 […]
The ‘Blurry Lines’ of President Trump’s Tax Returns, Real Estate Capital Gains
Trump Faces New Scrutiny Over Tax Returns
Commercial tenant protections get extension from de Blasio
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.
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 […]
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
Landlord-backed group raised funds to help renters
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 […]
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 […]
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…
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…
Commercial evictions, foreclosures halted through October
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 […]
Bracing for an ‘eviction tsunami’ after state and federal protections end
What happens when local and federal eviction bans lapse?
Many renters don’t even know CDC eviction protection is an option for them.
What low interest rates through 2023 means for real estate
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 […]
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.
Eviction filings fall after Trump moratorium:
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
Mortgage rates notch new low
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.
In New Development, Buyers Favor the Boroughs
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 […]
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 […]
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 […]
Last-minute reprieve stops city’s tax lien sale
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…
COVID-19 Protections for Renters and Owners in NYC and NJ
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 […]
Why an Eviction Ban Alone Won’t Prevent a Housing Crisis
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…
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…
New York landlords and tenants blast CDC eviction ban
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 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…