There were more than 22,000 short-term rentals listed in NYC last August. The number of legal listings has dropped precipitously.
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luxury rentals with zero affordable housing. In March, Lalezarian Properties paid $33.5 million to Princeton International Properties for an eight-story, 93,000-square-foot medical office...
Artists space rental at 14TH ST in NYC available for conferences, casting, video production, or as office. Chairs, blackboards, projectors, waiting area. $45 p/h
How has Local Law 18 impacted the number of short-term rental listings in New York City? ; What is the process for getting a short-term rental application approved in NYC? ; What are the main reasons for the rejection of short-term rental applications in NYC?
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Introduction ; Among the greatest challenges facing New York City’s economy is the availability and affordability of housing. Economic growth and stability in NYC depend upon the ability for workers and others wishing to move into or within the city to find housing they can afford. As has been noted in our monthly Economic Newsletters, median “asking rent” on publicly listed apartments available for leasing rose to a record high level in 2023 and remains at $3,500 per month citywide—$42,...
Mayor Adams vetoed a package of bills Friday that would make it easier for low-income New Yorkers to receive rental assistance, teeing up an extraordinary battle with the City Council, whose leaders immediately vowed to override the mayoral action. The package — which passed the Council last month with a veto-proof majority — would abolish a decades-old rule that requires people to stay in shelters for at least 90 days before they can apply for a city voucher program that heavily subsidizes ...