Increases for rent-stabilized tenants, Manhattan signed contracts decline, & more

By Jennifer White Karp | May 6, 2022 - 9:30AM

In a preliminary vote, the Rent Guidelines Board votes to support a 2 to 4 percent increase on one-year leases, and a 4 to 6 percent for two-year leases (The New York Times)

Cea Weaver, campaign coordinator at Housing Justice for All, slams the preliminary vote as “a slap in the face to New Yorkers who are still recovering from the pandemic” (press release)

The number of signed contracts in Manhattan for co-ops and condos saw slight decreases in April compared to April 2021 (Mansion Global)

TikTok videos about farkakte (Yiddish for messed up) apartments by Stephanie Turk, an agent at Nooklyn, go viral (ABC News)

A luxury condo building on the Upper East Side sues a resident for allegedly pooping in the pool and fitness center’s shower (Daily Beast)

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.

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