Emily Myers

This two bedroom, 250 West 88th St., #806, on the Upper West Side, last changed hands in 1997 and is offered at $999,000. That's well below the current median asking price of $1,795,000 for similar-sized apartments in the neighborhood. The discount might because there are upgrades needed in the kitchen and bathrooms as well as an assessment on the building for the next 10 months.

Tenants who find a NYC apartment by themselves—without an agent representing them during their search—can't be required to pay a broker fee, according to new guidance from the Department of State, clarifying a vaguely worded provision of New York’s landmark rent reform laws passed last June. This legal interpretation has predictably been met with resistance by the NYC real estate industry and means if you work directly with a landlord’s agent, you can’t be charged a broker fee (typically, one month’s rent or 15 percent of the year’s total rent).

Crown Heights, Clinton Hill and Williamsburg top a list of NYC neighborhoods where sellers currently have the upper hand, according to StreetEasy.

If you’re a would-be seller holding off on parting with your NYC condo, co-op, or house until the sales market stabilizes, you may be considering renting out your place.  If so, these are the steps you need to take to make the process as smooth as possible.

A Brooklyn state senator is working on a new law to give tenants priority to buy their landlord's building if the property goes up for sale.

Companies involved in iBuying reduce their risk by operating in areas where the inventory is relatively homogeneous and affordable. That alone rules out NYC for iBuying, but there are other obstacles as well.