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Tag: apartments

Rent hike of up to 4.5% approved for rent-stabilized apartments in NYC

Rent hike of up to 4.5% approved for rent-stabilized apartments in NYC

NYC Rent Guidelines Committee Approves Rent Increase The New York City Rent Guidelines Committee has decided to raise rents by as much as 4.5% for nearly one million rent-stabilized apartments across the city. During a close vote of 5-4 on Monday night, the board agreed on a 3% increase for one-year leases commencing after October […]

Many rent-stabilized apartments in NYC are at risk of foreclosure.

In New York, a significant number of rent-stabilized apartments are facing foreclosure as landlords increasingly default on their mortgages. A building with a total of 176 rent-stabilized units has been in receivership since 2022. This situation is not unique, with banks reporting an additional 2,093 units in April alone. According to PropertyShark, mortgage defaults are […]

East 42nd Street office building to be converted to apartments

There are major new players and new plans for the 300 E. 42nd St., 18-storey 235,000-square-foot office and retail building, with investor David Werner reportedly buying at a deep discount. Although it has not been posted to public records yet, the purchase ended last Wednesday at $52 million, as expected. It was less than half […]

Viral video shows NYC apartment’s scary proximity to subway: ‘Hell’

These are railway apartments now! The south facing pads at the corner of Broadway and Melrose Street in Brooklyn are so close to the platform at Myrtle Avenue metro stations, so tenants actually reach for the window and ring the J, M, Z trains in the past You can touch it. The train pulls to […]

7 Hurt as Massive ‘Wind-Driven’ Fire Erupts at NYC Apartments

A fire broke out early Friday morning inside an apartment building in the Allerton section of the Bronx, injuring several people. The fire broke out on the top floor of Fox 5's Wallace Avenue building. reported. New York City Fire Department (FDNY) crews arrived around 1:45 a.m., the agency said. said in a social media […]

Netherlands explosion causes several injuries and damages apartments

An explosion occurred in a neighborhood in the Dutch capital early Saturday, destroying several apartments and injuring several people, authorities said. The cause of the Hague disaster is unknown. Emergency authorities said four people were rescued from the rubble and taken to hospital, but they could not say how many were still remaining under the […]

NYC family of 7 says two apartments is key to their survival

Seven is heaven when you have two apartments. A New York City mother of five sparked controversy after sharing on social media the secret to her family's survival in the Big Apple. Christie — known on TikTok as @kristiipartyof6 — She is a content creator who moved to the city four years ago and lives […]

Pershing Square CEO Bill Ackman lists two NYC apartments: report

Bill Ackman put his two New York City apartment buildings on the market Thursday for a multimillion-dollar loss, according to reports. A billionaire hedge fund manager is unloading two luxury apartment buildings on Manhattan's Upper West Side for $19.9 million — years after he spent $22 million on them, according to New York magazine. Real […]