Brick Underground

While Manhattan rents are still lower than they were a year ago—as of May, they have been rising a little each month. In June, the median rent for Manhattan was $3,195, a 7 percent increase over the previous month and down 9.9 percent from a year ago.

Both the median sales price and the average sales price for Brooklyn hit new highs for the third, consecutive quarter, according to the Elliman Report. The median sales price, $910,000, was up slightly from the first quarter and buoyed 11 percent from the second quarter of 2020. The average sales price, $1,135,332, followed a similar pattern.

NYC is getting demonstrably louder when measured by noise complaints, according to data from RentHop, the rental listings site: From March 1st, 2021, to June 14th, 2021, the city saw a total of 242,141 noise complaints, 21.5 percent higher than the previous year.

Mike Walker, residential sales manager at R New York joins host Emily Myers for this guide to negotiating.

The Rent Guidelines Board approved a freeze for the first six months on one-year leases, and a 1.5 percent increase for the second six months. A 2.5 percent increase was approved for two-year leases.

Brick Underground's virtual office is closed in honor of the first federal Juneteenth holiday in American history, which is being observed today (the real Juneteenth is of course Saturday, June 19th) and commemorates the end of slavery in the United States.