Posts Tagged ‘Rent’

Weekly Roundup: Landlord confession, piece of Portugal, April building permits, pocket listings, air purifiers, timely Lotto win, recovery threats

May 17, 2013

Penthouse pursuit is costly contagion to attain height, light, unobstructed views

Airbnb gears up for Albany initiative that would regulate short-term apartment rentals

City plans sale to debt collectors of tax liens against Sandy-hit homeowners

Cost of rent, price of property actually moving in sync

New York region’s borrowers way below average of homeowners who deduct mortgage interest

Stuyvesant Town tenants told pay up and up or move out this summer

Onetime Sinatra apartment sells after steep price cut

Lease confessions of small landlord make for compelling reading

All it takes is money, but there’s still rental inventory in the Hamptons

Investment group identified as purchaser of most expensive Manhattan residence, One 57 penthouse

Nascar superstar lists trophy condo on Central Park West for $30 million

Dancing queen (more…)

Weekly Roundup: Rent squeeze, U.S. price gains, rates reversal, stocks vs. housing, declining buyer regret, best inflation hedge, tomorrow’s market

May 10, 2013

‘Gatsby’ lends a whiff of luxury, glamor to buildings

With declining vacancy rate, rents in Manhattan and Brooklyn keep rising

Navigating school zones trickier as more families with young children put down roots

85-year-old man adopted 62-year-old woman of privilege for her to claim $100-a-month Queens rental

Brick Underground lists eight best site for finding a no-fee apartment

Blog on worst rentals would be funny if (more…)

Out and About: No mystery in many properties

May 6, 2013

closet-1

It is always abundantly, sometimes pungently, clear who lives in some properties that are on the market.

Is it the owner or a tenant?  You can tell all too easily.

When I opened the closet door of the Upper West Side apartment in the photo above not long ago, for example, I literally gasped.  Like me, you won’t have to tax your brain to know that (more…)

Weekly Roundup: All-cash offers, reality dust-up, high annual sales growth, no-doc loans, Newtown resiliency, worst investments, housing ‘haze’

May 3, 2013

April transaction volume in Manhattan beats year earlier by 24 percent as supply finally starts to rise

Rent board preliminarily approves annual increase of at least 3.25 percent for one-year lease

Winning offers at even lower levels more likely than ever to be all cash

State passes overhaul (more…)

Weekly Roundup: Hamptons, celebs, new-home sales, lower interest rates, auction spat, Baby Boomers, marble stains, housing’s headwinds

April 26, 2013

Court approves of class action lawsuits by tenants claiming rent overcharges when apartments illegally deregulated

Study: Living in New York actually relative bargain for the wealthy

Hudson Yards finally on track

Regret may define things you might do within your four walls

For politicians, finding a rental apartment differs from searches the mere mortals endure

Sandy deals lingering blow to Hamptons residential prices

Upper East Side developers scramble to convert projects as luxury market rebounds

Details of navigating schools choice provided by BrickUnderground

Council hearing on Fair Cooperative Procedure Law is set for April 30

Outdoor space on ground floor is expensive, but higher up more so for good reasons

Relationships sour between landlords and tenants of Dumbo lofts in converted factories

Q1 sales in the Hamptons 29.4 percent lower than same time last year

It’s time for spring house, garden tours

Interior designer with TV show finally (more…)

Weekly Roundup: Buyer woes, singer’s many purchases, U.S. price gains, mortgage brokers’ profits, soulful kitchens, millennials’ optimism

April 5, 2013

Manhattan a tale of two markets

Real Estate Brokers Predict a Tough Time for Buyers

Buyers ask, brokers try to answer

Tight inventory leads buyers to risk their down payments

Popular keywords enable listing agents to sell fast

Booming Hamptons market pushes renters east

And Fire Island fights Sandy’s effects on housing market as summer approaches

For trophy properties, $100 million is the new $50 million

Short supply of Brooklyn brownstones, leads to whopping price tags as more Manhattanites switch boroughs

For fixer-uppers, go east

City official says two, three more micro-unit developments in the offing

Sanitation Department schedules disposal events for hazardous products in five boroughs

Social media bigwig accused of trashing apartment in Chelsea and purchases big Greenwich Village loft for $8.15 million

Noted artist lists for $3.13 million Fort Greene townhouse purchased for nearly $2 million less in 2007 and renovated

Network TV anchor (more…)

Only tenants have certain rights in unlivable unit

March 28, 2013

After Sandy struck, residents of 88 Greenwich St. in the Financial District originally were told it would be four months before they could go home.

There is a section of property law that declares tenants’ right to live in conditions not dangerous, hazardous or detrimental to their life, health or safety.

Under the “warranty of habitability,” tenants have the right to a livable, safe and sanitary apartment.

Under the warranty — in other words, guarantee — a unit must provide heat or hot water on a regular basis.  Other issues include, leaks, mold, broken plumbing, elevator service in high-rise building and insect infestation.

It is up to the landlord to remediate conditions that make a rental unit unlivable, no matter the cause.  If a landlord fails to act, the warranty of habitability provides tenants with the opportunity to obtain financial relief in one of three ways. (more…)

Weekly Roundup: ‘Insane’ market, rising prices, pronounced seasonality, surging sales, wasted electricity, 65,000-acre Quebec spread. . . more!

March 8, 2013

Next Weekly Roundup April 5

Bidding environment now ‘absolutely insane’

Contract activity soars above prior years, thereby confirming both item above and my Wednesday post

Prices soar 11 percent from January 2012

Prior to usual seasonal increase, February rents in Manhattan (more…)

Weekly Roundup: Renters, new market stats, dropping loan rates, foreclosure purchase risks, credit misconceptions, kitchen trends, and more

March 1, 2013

Renters don’t stay put for long in the financial district

New York magazine explores world of platonic urban cohabitation i.e. roommates

Housing signals mixed in metro region

Four things to bear in mind when buying an apartment for your kids

19 percent more building permits issued in 2012 than in prior year

Committee ranks Upper East Side tops for kids, Bay Ridge beats all other Brooklyn neighborhoods

Request for proposals to redevelop Lower East Side sites signals end of bitter renewal squabbling

Foreclosures in region higher in December than a year earlier

Estate in the Hollywood Hills finds friendly buyer but at greatly reduced price

Legendary rocker (more…)

Weekly Roundup: Basement apartments, seller’s market, plunging foreclosures, son of Lincoln’s house, trophy baths, Goldman Sach’s optimism

February 22, 2013

Manhattan luxury market unseasonably busy

Naturally occurring retirement communities populate Upper West Side

Condominium board gets TRO against Houston couple to prevent short-term stays

San Remo apartment offered for $29,750 in monthly rent went for $900 a month in 1940

Would changing rules for illegal basement apartments boost supply of affordable rentals? asks the Real Deal and Crain’s

Longtime home of Gershwin family goes on the market

Volume of property taxes kept increasing every year from 2005 to 2012

Residents of abutting buildings at war with developer of planned Fifth Avenue

Neighborhood group faults mayor’s plan for affordable housing

Fiercely competitive land prices forcing developers to build high-end condos

Sex symbol who has money troubles lists Malibu home for $7.75 million

6,800-sf TriBeCa penthouse wins undisputed approval of Brooklyn Nets star

New Jersey home was born to sell

Hip-hop star and reality spouse flip-flop Bel Air house handsomely

January numbers show 9.1 year-over-year sales growth, steady price gains so it’s a seller’s market

Supply of resale housing (more…)


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