Emily Myers

All buildings undergoing major roof renovations are now required to install solar panels, green roofs, or some combination of the two in order to comply with NYC’s new green roof laws. The changes mainly affect new construction but if a building is being expanded to include new floors (like a penthouse addition), or the roof is entirely replaced, the renovation will need to meet the new requirements. 

The relocation of homeless New Yorkers to Newark has been halted while discussions take place about how the program is implemented.

The apartment, 403 East 62nd St., #11/12D, is listed as a two bedroom and the asking price is $800,000, which is well below the current median of $1,850,000 for similar-sized apartments in the neighborhood. Here's the rub—the dimensions of the second bedroom do not meet the legal requirements for a bedroom.

Williamsburg tops a StreetEasy list of the 2020 neighborhoods to watch, with Clinton Hill, Jamaica, Midwood, and Highbridge on the list as renters and buyers head to the outer boroughs for affordability.

Cap rates (aka capitalization rates) are used to calculate the rate of return on your property investment. To calculate, take a building's net operating income and divide it by what you would pay for the property. Cap rates are consistently low in NYC, around 2 or 3 percent, because apartments here are notoriously expensive and buyers often need financing in place (which eats into your profit margins), and taxes are high.

The Lower East Side skyscraper, One Manhattan Square, is the best-selling residential building of the year with 119 apartments sold in the past 12 months.