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But they were quickly reinstated following a lawsuit led by the Real Estate Board of New York. Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee.
Under a system that exists in New York and almost nowhere else in the country, tenants are often forced to pay the commission of a real estate agent before moving into an apartment, even if that ...
On June 11, 2019, State Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie announced that they had reached a "landmark agreement" on new rent laws. [6] Both houses of the New York state legislature passed the HSTPA on June 14, 2019, and Governor Andrew Cuomo signed the HSTPA into law later that day. [1]
Steven Croman is a real estate owner in New York City. In 1990, Croman incorporated the management and brokerage firm Croman Real Estate (later rebranded to 9300 Realty) and quickly grew his business, owning 20 buildings by the end of the decade and 150 buildings by 2016, mostly in Manhattan's East Village.
A&E Real Estate president, Maggie Brunn, stated in The New York Times : ‘When an apartment has been lived in for 20 or 30 years, those limits don’t even come close to the actual costs of rewiring, plumbing and the basic improvements you’d need to rent an apartment that a family would be proud to call home,’ [Brunn] said.
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Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
By the end of 2021, the City of New York financed more than 200,000 affordable homes since 2014, breaking the all-time record previously set by former Mayor Ed Koch. [3] The Agency also enforces the City's Housing Maintenance Code, [4] which covers heat and hot water, mold, pests, gas leaks, fire safety, and more. HPD performs over 500,000 ...