Apartment Rental Website Airbnb Wins Appeal

Airbnb, the San Francisco-based bed and breakfast startup, has successfully helped to win an appeal for one of its users whose landlord was fined $2,400 for renting out his apartment for three nights. The East Village tenant, Nigel Warren, fought the ruling with his landlord, Abe Carrey, and Airbnb, with the primary argument being that renting a room does not violate the law, as long as a resident under the lease is present during the guest’s stay.

Essex Crossing: the Future of the Lower East Side’s SPURA

Essex Crossing LES

The largest section of undeveloped, city-owned land south of 96th street is finally set for development, nearly 50 years after the area was originally razed for an urban renewal project. The Bloomberg administration has chosen the developers for the six-acre site known as the Seward Park Urban Renewal Area (SPURA) in the Lower East Side.

Three's Company: Inheriting the Trump Organization

View From Trump World Tower

Donald Trump has reportedly chosen an heir to throne of his real estate empire. However, inheriting the Trump Organization will not be one of his children, but three of them. Trump told the Wall Street Journal that his sons Donald Jr. and Eric, along with daughter Ivanka, will all take over various aspects of the famous organization.

New York City Luxury Rental Market: Summer 2013 In Perspective

Summer 2013 NYC

So, you’re back from vacation, and you want to know what news you missed out on during the summer months. Before we look ahead to the upcoming fall season, let’s take one look back on some of the biggest news to hit the New York City luxury rental market in the summer of 2013.

The Apthorp Penthouses: The Up Top Down Low

The Apthorp NYC

The top floor of the historical Apthorp, a landmarked building located at 2211 Broadway in the Upper West Side, is up for grabs at $14,000 per month. In February, the apartment was purchased for $3,462,050 and has since received renovations and customizations including an additional room and custom Plato cabinets. It supposedly has never been lived in either.

Any other day of the week, this would appear to be your typical high-scale luxury rental listing. There’s a catch, however.

Gotham West: Big Building, Bigger Appetite

Gotham West Apartments

While some modern apartments advertise their sustainability, Gotham West, the massive apartment building at 550 West 45th Street in Hell’s Kitchen, is attempting to entice future tenants with sustenance.

More East River Development: LIC's Gantry Park Landing

Gantry Park Landing

In recent years, we’ve seen the major overhaul of the Long Island City waterfront. Luxury buildings now take advantage of the neighborhood’s prime location, one of them being the new Gantry Park Landing at 50-01 2nd Street. The up-and-coming neighborhood has become a popular destination for commuters, as it’s one short stop away from Midtown Manhattan on the 7 train.

The story of NYC’s Rising Rents

NYC rents

A city with a million tags and titles, and a glossy lifestyle, attracts millions every year from across the globe to visit, move in, and buy a spot in high-rises across the city. Once they dive into the reality of the real estate market is when they feel the pinch in their pockets.

Chelsea’s 101 West 15th Street Now On the Market

Chelsea’s 101 West 15th Street Now On the Market

In a city that seems to be teeming with singles, there is some contradiction in the fact that it is often hard to find accommodation in New York City that’s specifically catered to unmarried folk, or even couples. These New Yorkers aren’t looking for a towering penthouse or a sprawling three-bedroom residence—they’re just looking for a compact, cozy space in the city that they can call home. However, such apartments are often hard to find, which is why 101 West 15th Street’s arrival in the rental market is probably going to be seen as a godsend by many of the city’s singles and couples.