Real Estate
Posted inDevelopment
Those living next to a construction site in Prospect Lefferts Gardens say the vibrations and noise are “as if a train were running through.”
Posted inHousing
Landlords in Fatal Fire Racked Up More Than 1,000 Violations Across NYC
The city housing department has repeatedly sued the owners of a Manhattan building where three people died in a blaze last week, alleging “immediately hazardous” conditions at properties in Manhattan, Queens and Brooklyn.
Posted inDevelopment
A Superluxury Condo Sold for $87.7 Million. Will NYC’s New Pied-à-Terre Tax Apply?
The way the city measures value for high-end condos and co-ops radically underestimates their worth, raising questions about how a new proposal from the Gov. Kathy Hochul and Mayor Zohran Mamdani would tax them.
Posted inEconomy
Never Mind Mamdani: Wall Street Doubles Down on NYC
Record jobs and fat real estate leases make finance the No. 1 industry again.
Posted inHousing
NYCHA Offers New Carrot to 24 Seniors Blocking $1.2 Billion Manhattan Project
The Housing Authority says it will find space in senior-only buildings for holdouts who refuse to be transferred out of a Chelsea building slated for demolition. Mayor Mamdani backs the plan.
Posted inDevelopment
In NYC’s Brutal Housing Crunch, Finished Affordable Units Often Sit Empty for Months
Data from a large nonprofit backer of subsidized apartments shows how red tape delays tenants from moving in.
Posted inHousing
Landlord Income Up 6% Key Report Says as Board Weighs Rent Freeze in Earnest
The study from the Rent Guidelines Board showed buildings’ financial stress in The Bronx.
Posted inBrooklyn
Bushwick Farm Padlocked Amid Migrant Crisis, Fines and Fed-Up Owner
The 15-year-old garden and green space is locked up as volunteers push a longshot bid for a city takeover to save it.
Posted inHow to New York
How NYC’s Tangled Property Tax System Works, and Why You Should Care
They’re the engine of the city’s budget, but unequal and outdated. Here’s your guide on how property taxes work — and how they affect everyone, not just owners.
Posted inZohran Mamdani
Mamdani Threatens Blanket Property Tax Hike as ‘Last Resort’
Stymied by Albany on tax increases for wealthy individuals and corporations, the mayor proposed a preliminary budget with a 9.5% property tax hike, which he called the “most harmful path."

