Hit with 30 percent (or higher) rent increases, many NYC tenants are in 'shock'

… bring rents up for current tenants to match what they could get on the market and brokers tell Brick that many increases … … Consider two NYU students that David Mendivil an agent at Corcoran is working with They were renting a Midtown East … charge a brokers fee of 10 percent of a years rent on open listings instead of the usual 12 to 15 percent if you sign …

By Jennifer White Karp |March 2, 2022 - 12:30PM