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Housing Reform Sends NYC Multifamily Sales Tumbling Per PropertyShark Report
Queens multifamily sales up in September 2019 A new report from PropertyShark indicates that the Housing Stability and Tenant Protection Act of 2019 (TPA) has adversely affected Multifamily sales in NYC. Per the report, multifamily sales are down 76% in volume year...
Commercial Real Estate Leaders Believe It is time to take a stand on government overreach
A recent article on Bisnow has an interesting article where commercial real estate executives addressed the challenges facing the industry as government continues to enact legislation that adversely affects the industry as a whole. The general consensus of the...
What Property Management Companies Should Prepare For as the Fall Season Arrives
Fall has finally hit us in New York City. The temperature has finally turned and we are seeing leaves turn colors and fall from their tree's branches. As Halloween is around the corner property management professionals should start looking at preventing issues to...
StreetEasy Report Shows Record High Numbers Of Inventory For Sale in Brooklyn and Queens
StreetEasy released their 3rd Quarter 2019 Market Report recently. The report indicates that the number of homes for sale in Brooklyn and Queens. The number of homes for sale in Manhattan has also hit near all-time highs. The StreetEasy Market Reports are a monthly...
Existing-Home Sales Tumble in September after Two months of Positive Signs
Existing-home sales drop in September 2019 The National Association of Realtors (NAR) are reporting that existing-home sales fell in September after two consecutive months of increases. All regions showed declines with the Northeast region having the second worse...
City Council Approves portions of Bay ridge and Sunset Park as Historic Districts
Doctors' Row in Bay Ridge, Brooklyn The City Council has finally approved portions of Bay Ridge known as 'Doctors' Row' and four sections of Sunset Park as historic districts. This comes as the Landmarks Preservation Commission (LPC) voted to designation the areas as...
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