In the News

Report Shows Slowdown in City's Multifamily Market

July 29, 2019    

A recent report from Ariel Property Advisors found that New York City’s multifamily property market experienced a dramatic slowdown in the first half of 2019. Transaction volume slid to an eight-year low, according to preliminary numbers from the firm’s Multifamily Mid-Year In Review...

A.G. Sues Property Manager Over Illegal Deregulation Scheme

June 20, 2019    

Attorney General Letitia James recently announced a lawsuit against a New York City property manager and his company for fraud, unjust enrichment, and repeatedly violating rent stabilization laws through manipulation of individual apartment improvements (IAIs). The manager worked for many years...

Rental Commission Fees Bill Amended

June 20, 2019    

Intro. 1423, a bill to limit the amount a renter could pay a broker for its services, was initially introduced in February. Specifically, the bill mandates that residential brokers would be “prevented from collecting fees from prospective tenants that are above the value of one month...

DOI Finds Errors in 2018 Eviction Data

June 20, 2019    

The city’s Department of Investigation (DOI) found miscalculations that affected the official residential eviction totals for 2018, a spokesperson for the agency said, and the figures are likely to be revised upwards. The DOI discovered that two city marshals made errors while totaling...

RGB Votes for Rent Increases in Preliminary Vote

May 23, 2019    

In a preliminary vote on May 7, the Rent Guidelines Board (RGB) recommended increasing rent for rent-stabilized apartment buildings. The board’s preliminary vote inside The Great Hall at Cooper Union in the East Village called for:

Mayor Appoints New HPD and DOB Commissioners

May 23, 2019    

Mayor Bill de Blasio recently announced that Louise Carroll will serve as the next Commissioner of the Department of Housing Preservation and Development (HPD). Carroll will work closely with the new Mayor’s Office to Protect Tenants to create strategies to hold bad landlords accountable...

Mayor Supports New Regulations to Protect Tenants

May 23, 2019    

In a recent op-ed in the New York Daily News, Mayor de Blasio called on Albany to protect the over two million New Yorkers living in rent-stabilized apartments. The mayor outlined his support for several proposed Albany legislative policies that will close loopholes that predatory...

State Lawmakers Pass Legislation Criminalizing Tenant Harassment

April 18, 2019    

State lawmakers recently passed the Tenant Protection Act of 2019, which amends the state’s Penal Law to lower the legal bar to prove harassment against owners. Previously, criminal charges couldn’t be pursued unless prosecutors could prove that the offending owner intended to push...

Rent Regulation Uncertainty Affecting NYC Rental Building Sales

April 18, 2019    

The current rent law expires in June and major reforms to New York’s rent regulations are on Democratic lawmakers’ agenda now that they control the entire state Legislature. Proposed changes to the rent laws are expected to make it harder for landlords to raise rents on regulated...

Mayor Appoints Director to the Mayor's Office to Protect Tenants

April 18, 2019    

On Jan. 10, at the State of the City, Mayor de Blasio signed an executive order establishing the Mayor’s Office to Protect Tenants, which will lead comprehensive outreach on anti-harassment initiatives and be the central point of contact for tenant advocates. The mayor recently appointed...

Agencies Try to Block Owner’s Eviction-through-Bankruptcy Attempt

March 19, 2019    

An East Village owner is asking a bankruptcy court to terminate tenants’ leases on the grounds that a proposed $8.2 million sale of the building can’t go through while the rent-stabilized leases are in place. The building has 16 rent-stabilized units and eight tenants at the building...

Bill Introduced to Change Lookback Period for Overcharge Complaints

March 19, 2019    

Assemblyman Jeffrey Dinowitz recently introduced a bill to change the state law when it comes to tenants who wish to file a rent overcharge complaint. Currently, tenants can request their rent history from the DHCR and file a complaint if they see their rent was increased beyond the legal limit...