You make updates and renovations to your New York City property. Then you slap your tenants with appreciably higher rents.
We noted in a recent blog post the view of the New York Times' editorial board that affordable housing in NYC is under an onslaught, and for myriad reasons.
New York City legislators have been notably busy over the past several months drafting local laws that a recent New York Law Journal article notes are intended to materially expand tenant protections. The newly enacted statutory housing provisions apply to rent-stabilized and rent-controlled residents across the city.
It is likely the case that a good many New York City residents aren't exactly sure what the status of their leased apartment is or how to find accurate information concerning that important matter.
Is the large and growing Airbnb vacation rental industry overridingly harmful or mostly positive for New York City residents and the metro's economy?
The apartment complex at 85 Bowery in Manhattan's Chinatown neighborhood continues to garner major media ink for reasons linked to what tenant advocates say is bad-faith conduct on the part of owner Joseph Betesh.
In a statement addressing his recent landmark money settlement with the NYC mayoral Office of Special Enforcement, a Manhattan owner of multiple apartment buildings in Midtown termed the affair "a regrettable process."
It's an annually recurring event in New York City around this time each year, announced with a bit of fanfare and always including some enlightening details.
A recent media primer on the central ins-and-outs of rent-stabilized and rent-controlled New York City apartments notes the existence of "unsuspecting renters" across the city.
Well, here's a difference of opinion.