Displaying all articles tagged:

Rentals

  1. EPA Chief Got Sweetheart Deal From Lobbyist LandlordScott Pruitt has been renting a one-bedroom luxury condo in prime D.C. for $50 a night (a sum he doesn’t have to pay on nights he’s out of town).
  2. fixer upper
    Fixer Upper to Clients: Don’t Airbnb Your HomeBut they have no beef with Airbnb.
  3. Airbnb Could Be Making Your Apartment More ExpensiveIt makes finding an apartment harder.
  4. Brooklyn Real Estate Continues to Skyrocket But the rental market is showing some weakness.
  5. bill de blasio's new york
    You’ll Soon Be Able to Rent Mayor de Blasio’s Park Slope HomeYou might have to pay a premium, though. 
  6. real estate brokers
    Advertising Apartments to DINKs Can Cost You DearlyA broker was fined $20,000.
  7. Determined to Be Cooler, Avis Buys ZipcarGet ready for more trips to Ikea.
  8. retail rentals
    Reports: MAC May Lease Super Pricey Retail SpaceAnd that’s a 1,400-square-foot space.
  9. real estate
    Man Found a Sex Scarecrow Filled With Chinese Food in Roommate’s Bed“Noodles oozed out of the unzipped fly.”
  10. Mourning the Death of the Local Video StoreOne of the sick pleasures of returning to where you grew up after many years away, especially if you’re from a small town, is seeing what’s […]
  11. bedbugs
    Bedbugs Are the New STDsLandlords are legally required to fill out a new disclosure form for bedbugs.
  12. rentals
    Snoop Dogg Tried to Rent LiechtensteinLike, all of it.
  13. developing
    The New York Real-Estate Boom: R.I.P.The ‘Times’ and the ‘Post’ both ran obituaries for the city real-estate bubble today.
  14. company town
    Jann Wenner Shopping ‘Us Weekly’ to Condé Nast for $750 MillionPlus, the latest with UBS, Bonnie Fuller, and 15 Central Park West, in our daily industry roundup.
  15. company town
    Rent Stabilization Not As Stable As BeforePlus, Skadden’s role in the failed Microsoft-Yahoo talks, what Perez Hilton is doing in James Frey’s new novel, and the rest of today’s industry gossip.
  16. company town
    Manhattan Rents Finally DroppingCerberus’ founder goes on the record, Richard Butler goes free, and Bloomberg strong-arms Wal-Mart in today’s news roundup.
  17. vu.
    This Just In: Manhattan Still Expensive!Some of the city’s biggest brokerage firms released their fourth-quarter reports on the Manhattan real-estate market this week. And the news? Holdouts hoping for a slump won’t get their reward quite yet. The breakdown: • While other cities sink into subprime hell, the borough remains stubbornly bullish, buoyed in part by tight inventory, especially in co-ops. If you’re still looking to buy, an apartment in the borough will set you back an average of nearly $1.44 million, 18 percent more than what you would’ve paid the year before. (That’s according to valuations guru Jonathan Miller’s Prudential Douglas Elliman survey; Halstead and Brown Harris Stevens’ numbers come in slightly under at $1.43 million.) • Prices were up pretty much across the board, with large spaces being the most in demand. (No surprise, they saw the most gains; according to Miller, three-bedrooms spiked an impressive 39.8 percent in value over the same period the previous year.)
  18. vu.
    Manhattan Rents Rolling DownhillCould Manhattan rents have finally peaked? Anyone who owns property in the city will argue that prices here defy all laws of nature, but a new report by the Real Estate Group New York shows that rents may be starting to finally slip. “We’re trending down since the peak, which is what I would call maybe July,” says REGNY COO Daniel Baum. Since the beginning of the year, prices are still up slightly. Non-doorman studios went from $1,969 in January to $2,095 this month, a rise of 6.3 percent. But prices in many areas are down from the middle of the year. Doorman two-bedrooms climbed from $5,346 in January to a peak of $5,753 in July, then fell back to $5,520 in December. Some variation is to be expected as seasons change, but Baum insists we’re seeing a trend. “This is the first time we’re starting to see a slowdown on the rent side in the last three years or so,” Baum says. The hardest hit area may be the financial district, which has seen some layoffs (and perhaps, therefore, a small exodus). Since last month the average asking price for a doorman studio in the financial district has come down $503, to $2,559. The peak was in September at $3,103. It should be noted that Manhattan sales continue to be strong and unperturbed by the subprime and general housing meltdown. There are two schools of thought on whether the eventual decline of sale prices will mean lower rents. Some think foreclosure refuges and hesitant buyers will push up the number of renters — and thus the rents everyone pays. Others think the general economic downturn will lead to a further lowering of rents. —Carol Vinzant