New York City will not renew its lease with the last major hotel operating as a migrant shelter. According to The New York Times, Mayor Eric Adams said the Row NYC in Times Square will cease housing migrants in April when the city’s lease with the establishment...
The New York City Rent Guidelines Board voted 5-4 on a rent hike of up to 4.5% for the city’s roughly 1 million rent-stabilized apartments. The New York Post reports the board approved a 3% rent increase on 1-year leases and 4.5% for 2-year leases that start on or...
New York City has officially ended the migrant arrival center that has been operating within the historic Roosevelt Hotel. The Associated Press reports the center’s last full day in operation was on Monday, with the hotel becoming vacant on Tuesday afternoon. The...
The Empire State Development, a department within the New York State government, has approved the office-to-housing conversion of 5 Times Square in the heart of Manhattan. The 38-story property at the southern end of Times Square was built in 2002 as the headquarters...
Residents in New York City’s rent-stabilized apartments will soon be paying more to cover their housing costs. Nearly one million New Yorkers live in rent-stabilized apartments. The typical monthly cost of a rent-stabilized apartment in the city is roughly $1,500,...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
