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NYC and Landlords, Since When Does That Not Go Together?

Bottom 20 Counties to Be a Landlord

Photo Source: www.realtytrac.com

New York City is on top of another real estate list, no surprise. The list of top 20 worst counties in America to be a landlord, surprise!

De Blasio Appoints New Rent Guidelines Board Members

Bill de Blasio Renters Guideline Board

Mayor de Blasio has so far stayed in consistency with his plan to create more affordable housing here in NYC. One method of making NYC a more affordable city would be pursuing a renters’ freeze of regulated rents. The Rent Guidelines Board, which is comprised of nine people, had five seats on this board that were recently up for re-appointment or new appointments in March. De Blasio had finally filled these five of the nine seats. The other four seats left for re/new-appointment will be filled in December 2014.

De Blasio Appoints New Guidelines Board: Will NYC's Next Freeze Be Rent?

New York City renters are hoping that Mayor de Blasio will follow through with his campaign promise of a renting freeze. The NYC Mayor will be appointing the nine members that make up the Rent Guidelines Board (RGB). This board decides how much regulated rents will increase per year.

Tips for Renting a Studio Apartment

Studio Apartment

The studio apartment—one room, serving as the living room, bedroom and kitchen. To some, the idea of living in a small studio apartment can be overwhelming. The studio apartment is not for everyone, but for those who take the plunge, there are some things to know about what it takes to live the studio life successfully.

How To Simplify Your Manhattan Apartment Hunt

Finding an apartment to rent has often been portrayed as one of the most difficult things to do in New York City. Many a television sitcom has capitalized on the theme of New Yorkers navigating their way through the supposedly murky rental market here; a motif which has now become accepted as fact by many newcomers to the city. However, what is important to realize is that such horror stories of apartment searches are usually caused by a lack of preparation and readiness in securing the ideal apartment. If you're willing to put in a little time, planning, and preparation, then finding an apartment in one of Manhattan’s neighborhoods won’t be strenuous.

Manhattan’s Trendiest Neighborhood is Also the Priciest

Tribeca_Daytime_ViewRent hikes. A stale array of Manhattan apartment listings. That’s the rental market scene NYC-apartment-hunters stretching from Harlem to FiDi have been testifying to. The continuing drag in the new-development pipeline (a repercussion of the 2008 stock market crash) coupled with some of the lowest vacancy rates the city has ever seen have dispersed most incentives for landlords to keep rents low. But although rent is up across the board, where in the city is the priciest? The two neighborhoods that take the cake are among Manhattan’s most popular -- the gilded Bohemian paradise that is SoHo, and chic, strutting Tribeca, where trends are born.

Movin' On Up: Tips to Master the Tricky Manhattan Move-in

 Manhattan Luxury Apartments - Manhattan Move-inWhen it comes to the ordeal of moving to a new apartment, most if not all of Manhattan’s residents utter a collective, frustrated sigh as they ponder the various inconveniences that go hand-in-hand with this undertaking. This could of course be due to the fact that in New York City a host of extra complications arise, whether one is moving into a new luxury rental or a condominium, including but not limited to: street-cleaning restrictions, regulations concerning the use of the apartment building’s elevator, and of course, the oft encountered, always dreaded narrow doorways, most often associated with pre-war buildings. As Susan Stellin explains in her NY Times article, moving has, if anything, become even more complicated, transforming what had previously been an annoyance into an almost full-fledged problem.

Fourth Quarter Comeback: Rents Up, Vacancies Down On NYC Rentals As Year End

Just because most real estate prognosticators predicted the NYC rental market's strong fourth-quarter showing doesn't mean that things went quite as expected. At some level, yes, the market for Manhattan rental apartments tightened in the fourth quarter, with the vacancy rate dropping again and rents reaching their highest mark in 2010. But while the ongoing rally in the NYC rental market -- which we've been talking about for some time here at the LRM blog -- didn't exactly sneak up on anyone, there's a surprise buried in the fourth quarter stats that's even more dramatic than the (admittedly lovely and colorful) charts above would indicate.

NYC Rental Report: Vacancies Down, Rents Up on NYC Apartments. Landlords Love It, But How Should You Feel?

Deja vu? Maybe a little bit. But while regular readers of the Luxury Rentals Manhattan already know about the end of the renter's market for Manhattan rental listings -- in part because we wrote about it a few weeks ago -- it's impressive to watch the evidence of the Manhattan real estate market's recovery continue to pile up. Impressive, and maybe just a little bit depressing -- as we wrote earlier this month, the NYC rental market is at its most renter-friendly when it's at its weakest. A stronger rental market means fewer concessions and other goodies, and makes sought-after no-fee apartment listings that much tougher to find. But while the most recent report from The Real Estate Group New York offers a vivid example of just how far the Manhattan rental market has come since the dog days of 2009, it's not quite as bad for renters as it sounds. There are still good deals to be found for those searching for Manhattan rental apartments. It just makes the search that much tougher. So, now that the soothing is over, what does the report actually say?

Growing Up, Partying Down: New York Observer on the New, Improved -- And Much More Fun -- Financial District

2 Gold Street

NYC dwellers of long standing -- or even longish standing -- remember a time when the Financial District was, finally, just that: a place where finance got done and power lunches were devoured, and just about that. Restaurants were closed by dinner time, bars locked up after happy hour, and grocery stores were something that existed 20 or more blocks north. That old Financial District doesn't really match with the Financial District of today, which has become one of Manhattan's fastest-growing and most promising residential neighborhoods -- and, not for nothing, also home to what are, per square foot and despite a recent rise in prices, the least expensive Manhattan apartments for rent this side of Harlem. The grand buildings of the Financial District -- many of them luxury rental buildings converted from previous lives as the office towers that used to define the neighborhood -- are home to a bunch of impressive and impressively appealing Financial District rental apartments but the neighborhood itself is, as the New York Observer's Guelda Voien points out, increasingly home to a vibrant and well-rounded neighborhood -- one where stroller-pushing families comfortably share space with party-throwing twentysomethings. Not bad, honestly, for a neighborhood that used to be a ghost town after the closing bell -- and nothing compared to what the Financial District promises to become over the next decade.

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