Manhattan median rent hit $4,700 in July, the fifth record in six months

… Each month rents for new leases in New York City are setting new annual … coming close to new records reflecting a highly competitive rental market In Manhattan median rent rose to a new high … in Manhattan dipped slightly by 17 percent annually and listings were down half a percentage point compared to the …

By Jennifer White Karp |August 14, 2025 - 9:30AM
New York state budget greenlights more condo conversions, new housing vouchers, but no down payment assistance

… agree to convert some newer large apartment buildings from rental to condo Its one of a handful of initiativesincluding … Nor does the budget include a state ban on pricefixing software that sets rents for landlordswhich Hochul pitched … condo building both have to be managed by the same property management company and all residents need to have equal …

By Celia Young |May 22, 2025 - 10:30AM