Living in the Big Apple will greatly affect your pocket, since the average cost of rents in Manhattan reached 4,400 dollars last month, according to the latest report from the real estate company “Douglas Elliman” and the firm appraisal and consultancy “Miller Samuel”. Analysts point out that this is the third record rental seen in … Read more
The four-alarm fire started at 2 p.m. Monday afternoon at 1103 Castle Hill Avenue and then spread to the neighboring building at 1101. Eight people were injured including one of the residents who was taken to the hospital and seven firefighters, authorities said, the injuries reportedly not life-threatening. Both buildings are mixed-use, with shops on … Read more
More than 500 families who have been in homeless shelters are now eligible for housing vouchers offered by the city government, Mayor Eric Adams reported. This has been possible, it was said, due to the elimination, by executive order, of the old requirement to spend a minimum of 90 days in a shelter before being … Read more
Mayor Eric Adams has vetoed a package of four laws approved by the City Council that aimed to make it easier for homeless people to pay rent in New York City. The laws, which were passed by the Municipal Council last May with 41 votes in favor and 7 against, included measures such as financial … Read more
In response to the ongoing housing crisis and recent rent increases for rent-stabilized housing, tenants, activists, and elected officials are urging the city council to pass a package of laws aimed at improving access to permanent affordable housing. One of these laws would specifically benefit Cathy Mercado, a resident of East Brooklyn, by helping her … Read more
New York City’s housing authority, NYCHA, has announced a $1.5 billion investment plan to demolish and rebuild two substandard public housing complexes in Manhattan. The Fulton and Elliot-Chelsea Homes housing complexes have long been in need of improvement, and this plan aims to address the issues faced by the residents. The housing authority, in collaboration … Read more
Starting June 21, rental unit owners must provide information indicating whether their properties are located in a flood-prone area. They must also specify if said property has been affected in the past by floods. And this as part of a law enacted by Governor Kathy Hochul last year, which seeks to provide tenants with more … Read more
The New York City Council overwhelmingly approved a series of measures to make housing subsidy vouchers accessible to more New Yorkers. This as a way to help those who do not have a home, and at the same time, avoid overcrowding in municipal shelters. One of the pieces of legislation would remove a rule that … Read more
Carmen León talks about the moment when the new owner of the building located at 192 Knickerbocker Avenue in Bushwick said that he would increase her rent by $800 per month. “I feel sad the days go by too fast. I feel sad, I don’t know what to do,” León said. Carmen has lived in … Read more
The Fieldston neighborhood in the Bronx becomes the first in the county to make the list of the 50 most expensive places in the city. According to the PropertyShark platform, Fieldston has been named the 41st most expensive neighborhood to buy a home. The median sales price during the first quarter of this year was … Read more