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NYC Comptroller Proposes Legislation For Tenant Bill of Rights

by admin | Feb 16, 2020 | Uncategorized

New York City Comptroller Scott M. Stringer has recently proposed support for legislation that would mandate landlords include a clear and concise “Tenant Bill of Rights” in lease packets. That rationale for the legislation would be to assist every tenant with a...

homeowners await change as NYC released Property tax Reform Recommendations

by admin | Feb 10, 2020 | Uncategorized

The New York City Advisory Commission on Property Tax Reform released their report recently. The report provided 10 recommendations that would drastically change how property taxes are evaluated throughout the city. The recommendations were designed to lower the tax...

Landmarks Preservation Commission Makes a Positive Decision on the designation of Buildings in Manhattan’s Tin Pan Alley

by admin | Feb 3, 2020 | Uncategorized

Tin Pan Alley The Landmarks Preservation Commission (LPC) has designated five buildings in the area known as Tin Pan Alley on 28th Street in Manhattan. The buildings are considered significant and the birthplace of popular music and was named to describe the audible...

December Pending Home Sales Drops Close to 5% with the South having the biggest drop

by admin | Jan 30, 2020 | Uncategorized

The National Association of Realtors (NAR) released their December 2019 pending home sales report. The report indicates that pending home sales dropped 4.9% nationally. The South region saw the most significant drop with their being of dip of 5.5% from a month...

NYC Bank Executive Disputes Loss of value on Multi-Family Buildings Due to Rent Reform; sees No Changes in Lending for Company

by admin | Jan 29, 2020 | Uncategorized

Despite recent news that banks such as Signature Bank will “rein in” loans in the mult-family sector, New York Community Bank (NYCB) CEO and President Joseph Ficalora doesn’t seem much change in value in the sector. Many believe that the rent reform...

Brooklyn Market Report for Sales in Fourth Quarter in Brooklyn Shows Inventory Up yet Transactions Down

by admin | Jan 24, 2020 | Uncategorized

The Corcoran Group recently released their Fourth Quarter Market Report for Brooklyn. The report indicates that although there has been more inventory available in the borough, transactions are down 10 year over year for the period. On the neighborhood front, the area...
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