Brick Underground

The latest weekly report from UrbanDigs notes that Brooklyn sales appear to be slowing and there was a dip in contracts signed compared to previous weeks. The new report, which covers the second week of November (6th-12th), shows that Brooklyn properties are now spending nearly twice as long on the market as they were during June (a median of 79 days).

The number of new signed contracts in October for Manhattan co-ops (510) came close to the same level seen in October 2019 (531), according to the Elliman Report, which looks at new signed contracts and new listings for Manhattan, Brooklyn, Long Island, Hamptons, North Fork, Westchester County, Fairfield County, and Greenwich, CT.

A new Brown Harris Stevens Development Marketing report found that 17 percent of 301 rental buildings in Brooklyn, Manhattan, and Queens were offering three months free and an owner-paid broker fee.

The law protects your right to participate in a tenant organization without retaliation. Under the Housing Stability and Tenant Protection Act, passed in 2019, if a landlord attempts to evict you within a year of you forming a tenant association, it’s presumed retaliatory, and the landlord must provide a credible explanation otherwise.

In a new study of the top 100 most expensive zip codes in the U.S. for residential real estate, RealtyHop found that New York has three of the 10 priciest zip codes.

The board has statutory obligations not only from the warranty of habitability but also under the state’s Multiple Dwelling Law and the city’s Housing Maintenance Code to keep the building in good repair.