The median asking rent in New York City soared to a new record high of $3,707 in the second quarter, up by $164 or 4.6% year-over-year, according to a data report from Realtor.com. The median asking rent for New York City units with zero to two bedrooms rose 7.3%...
New York City Mayor Zohran Mamdani’s push for a so-called pied-à -terre tax on luxury second homes took a bizarre turn with the city’s Department of Finance uploading a searchable database of the addresses and names of property owners with homes valued at over $1...
A group of New York City landlords has filed a lawsuit to overturn the recently enacted rent freeze in stabilized apartments. The Real Deal reports six landlords are asking the New York Supreme Court to void the freeze approved by the Rent Guidelines Board and...
New York City Mayor Zohran Mamdani is seeking to turn an underused NYPD parking lot into an affordable housing development. The project is designed to create 131 affordable housing units, with 30% of the new apartments reserved for formerly homeless New Yorkers. The...
A university tries to kick an 89-year-old man out of his home, a new wave of young buyers arrives in the housing market, and long-overdue closure at the site of the 9/11 attacks. From the wild and wooly world of real estate, here are our Hits and Misses for the week...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
