Find Your Next Place

Powered by
The Agency

Buildings say no to Airbnb, the premium for renting alone, & more

Published March 10, 2023 (about 3 years ago) · Updated 3 months ago
Woman going for grocery shopping in an open street market in New York, NYC.
This week, Brick Underground readers who are landlords or co-op and condo board members got the first chance to sign up for New York City’s Prohibited Building List, which is a database of buildings that do not allow short-term rentals. It’s part of NYC’s new Local Law 18, intended to put illegal short-term rentals back on the market as long-term rentals and ease the housing crisis.
Also of interest: Not only are NYC rents stuck at stratospheric heights, but rents for studios and one bedrooms are tracking higher relative to other apartment sizes. There’s high demand for living alone—and renters willing to pay the necessary premium.
Here are this week's top five posts:
From our sponsors:
Loading ad...
Loading ad...

Newsletter

Join over 50,000 New Yorkers who read our newsletter to become smarter real estate shoppers and residents. Get the latest NYC insights delivered weekly.

By signing up you agree to our Terms of Use

Find Your Next Place

Powered by
The Agency
Loading ad...