NY lawmakers want more transparency from co-ops

Lawmakers in New York are trying to push through a bill that would force co-op boards to explain why they reject potential buyers of their apartments. The bill is meant to prevent discrimination by co-ops when they make such decisions, proponents of the new law say. If the state senate bill is approved, it would

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Which NYC borough is right for you?

New York City is acknowledged as one of the greatest cities in the world. Yet it is comprised of five distinct boroughs, each one a city in itself, and each one with a unique character. If you’re relocating to NYC, it’s good to get a picture of what each one is like, to help you

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New York can now revoke licenses from real estate pros that discriminate

New York Governor Andrew Cuomo on Monday signed into law new legislation that makes it possible for the state to revoke real estate licenses from agents and brokers who violate anti-discrimination laws. Cuomo said New York has “zero tolerance” for discrimination of any kind and that the “sheer scope and breadth of the unscrupulous and

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Non-eviction order leads to a rise in luxury home squatting

With landlords no longer able to evict tenants due to the COVID-19 pandemic, some tenants are taking advantage of the situation by squatting in some luxury, short-term rental homes. As a result, landlords say they’re missing out on thousands of dollars in rental payments. The problem is that some short-term tenants who rented properties just

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Amazon’s new headquarters may end up in two different cities

Amazon.com Inc.’s hunt for a city to host its second headquarters is nearing its end, and rumor has it the company will end up choosing two locations instead of one, according to the Wall Street Journal. The idea now is that Amazon will split its proposed workforce (and therefore the promised economic benefits) between two

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Manhattan’s luxury real estate market slides

Manhattan luxury real estate sales fell by 25 percent in the first quarter of this year compared to the same period one year ago. The decline was put

Airbnb indirectly pushes up New York rents by $380 per year, study claims

New York City’s fast rising rents can be blamed on the rise of Airbnb’s home-sharing service, according to a new study conducted by McGill University that was commissioned by the Hotel Trades Council

Manhattan rents reach record high as desirability booms

Rents in downtown New York hit a record high last May according to data from the CBRE Group brokerage, due to the construction of a new tower at the World Trade Center and firm’s migration to a revitalized Lower Manhattan area.

New York City wages war on Airbnb

Last week, New York governor Andrew M. Cuomo signed into law a new bill that stipulates large fines of up to $7,500 on short-term rental sites, like Airbnb, whose hosts break local housing regulations.

New York Launches ‘Ambitous’ Affordable Housing Scheme

New York City Mayor Bill de Blasio announced a $41 billion plan on Monday that sets out to build 80,000 affordable housing units and preserve 120,000 more, providing enough housing for more than half a million New Yorkers.

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