New York City Luxury Rental Blog Archives for April 2014

How Much are Apartments Renting for in NYC?

NYC Rental Apartments

As we expected to happen sooner rather than later, Manhattan rents have stabilized, bringing an end to the sixth month slide that began in August of 2013, according to a report by Jonathan Miller. Instead of the median rental price for the borough continuing to decline, March saw the median price rise by 0.2 percent from the same time last year, now sitting at $3,200 per month, nearly the same as last year’s median of $3,195. The median rental price for Manhattan last Februrary was $3,100.

New Bill Could Freeze Rent for 24,000 NYC Seniors

Senior Citizen Legislation

Margaret Chin a Manhattan City Councilwoman introduced a new bill on April 10th that would greatly benefit the senior community living in New York City today. This proposed bill would put a rent freeze on senior citizens that are currently earning $50,000 or less annually.

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!

Atlantic Yards Modular Construction to Slash Union Wages

B2 BKLYN Atlantic Yards

When 2014 comes to a close, a new residential building will open in Brooklyn. Located near the convergence of Park Slope, Fort Greene, and Prospect Heights, B2 BKLYN will be the first residential building of Forest City Ratner’s Atlantic Yards project. While Brooklyn is no stranger to new residential development, there’s something unique about Atlantic Yards—modular construction.

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.