This week, readers visited Brick Underground to get a grasp on how the new rent law is impacting would-be co-op buyers. A limit on security deposits is being interpreted as also prohibiting co-ops from asking buyers without deep pockets to put months of maintenance fees in escrow.
Also of interest: A breakdown of what you should think about when buying a brownstone in New York City—you'll have to put much more time and energy into maintaining a brownstone than you would a co-op or condo. Consider yourself warned.
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Here, in full, are the week's top stories.
I won a $908 studio in Long Island City in NYC's housing lottery, but I didn't count on the culture shock
What is the tenant blacklist and how serious is being on it?
5 things you really need to know about your NYC radiators
Co-op buyers can no longer put maintenance fees in escrow as a result of new rent laws
Buying a NYC brownstone? Here are 10 things to consider
And from this week’s sponsors:
Here’s how much it costs to gut renovate a 1,000-square-foot Upper West Side co-op [sponsored] How to pick the best New York City suburb: Commute, taxes, lifestyle, and more [sponsored]