Tag: rent
New York City is in the middle of an affordable housing crisis. Rent rose 11 percent between 2005 and 2012 and continues to climb. Tens of thousands of people routinely apply for reduced-rent buildings that only have a few hundred units. And Mayor de Blasio’s aggressive plan to create 200,000 extra units of affordable housing […]
It would be nice to be able to retire in a condo or sweet penthouse apartment in New York City, but unless you are the super super rich, sorry, that’s probably not going to happen. In a rental economy, half of us are dumping more than a third of our income into our rent as […]
Researchers at the McGill School of Urban Planning have found that homes close to a city bike-share station saw increased property values in Montreal. According to lead author and university professor Ahmed El-Geneidy, the finding has implications for other cities with bike share programs, like New York. “We expect studies on other cities will also […]
On Wednesday, Daniel Melamed, owner of 1578 Union Street, a residential building in Crown Heights, became the first landlord arrested by the task force convened by Mayor Bill de Blasio and New York State Attorney General Eric Schneiderman. The task force is going landlords who harass and threaten their rent-stabilized tenants in attempts to force […]
Ari Teman, the man who unwittingly rented his luxury apartment in Chelsea to the XXX Freak Fest orgy on Airbnb, has had a rough year. He was evicted from his apartment, and says that the fall-out put him on a city-wide tenant blacklist. Now he’s unable to find a new place in the city, and […]
Adele Sarno, the 85-year-old woman who has lived at 187 Grand Street since 1962, has given up the fight against her landlord, the Italian-American Museum. She will be out of the apartment by June 30, the New York Times reports. Despite community support and attempts at intervention from housing rights activists, real estate development has […]
Ernest Magliato’s family donated a historic statue of the Madonna del Soccorso to Little Italy’s Italian American Museum back in 2009. Now, he wants to take his gift back over the museum’s treatment of Adele Sarno, the 85-year-old Italian woman who has lived at 185 Grand Street for 53 years. “Why should [museum founder and […]
While getting priced out is a problem everywhere in New York, the irony is particularly painful in the case of Adele Sarno: The 85-year-old Italian woman is facing eviction by her landlord, the Italian American Museum. DNAinfo reports that Sarno, who has been living in the apartment for 53 years, was given the ultimatum of […]
The state’s outdated property valuation system is resulting in the super-rich paying a fraction of the property taxes they should be, the New York Post has learned. To put the inequity into perspective, the Post notes that “the buyer of the most expensive apartment ever sold – a $100 million duplex overlooking Central Park — […]
In NYC, landlords have all the power. The mysterious figures behind official-sounding organizations and LLCs that you send your rent check to can turn out to be little less than crooks, yet it’s so hard to find out information about them unless they’re among the 100 worst landlords in the city. A new website called […]
