StreetNoise

The net effect of shifting the broker fee, a 'tenant bill of rights,' & more

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By Jennifer White Karp  |
February 14, 2020 - 11:00AM
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Emily Myers for Brick Underground

Rents jumped 6 percent for about 7,000 NYC listings in response to a ban on tenant-paid broker fees to landlord's agents (which was then halted by a judge), according to a PropertyClub study (Patch)  

Comptroller Scott M. Stringer wants to enshrine a “Tenant Bill of Rights” that would require landlords to share critical information with their renters about their housing rights (Brklyner)

Michael Bloomberg, the presidential candidate and former NYC mayor, once pointed to the end of the discriminatory practice of redlining as contributing to the 2008 financial crisis, according to newly surfaced comments (The New York Times)

Overall NYC foreclosures are down year over year, but Manhattan is trending up, according to PropertyShark (press release)

Fearful of the coronavirus, many restaurant goers and shoppers are steering clear of Manhattan’s Chinatown, despite zero cases in NYC (cnbc.com)

A tale of two very unlucky New Yorkers who got bedbugs—twice (Curbed)

 

 

 

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Jennifer White Karp

Managing Editor

Jennifer steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in New York City real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.

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