StreetNoise

Why renting beats owning, converting a 30-story office tower, & more

By Jennifer White Karp | June 24, 2022 - 10:30AM

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Across the U.S., the costs of owning a property are rising faster than the costs of renting (The New York Times)

Two developers are teaming to buy 55 Broad St. and convert the 30-story office building into 571 market-rate apartments (The Real Deal)

Mayor Eric Adams belatedly registers with the city an apartment building he owns on Lafayette Avenue in Bedford-Stuyvesant (Daily News)

Selling a house? The color of your front door can swing your sales price up or down by a few thousand, according to Zillow (press release)

Listening to the chatter at a landlord convention where owners try to recast themselves as the true victims of the pandemic (Vice)

Ridership at three Queens stops along the No. 7 line is at more than 65 percent of 2019 levels, among the highest in the entire subway system (The City)

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