Brick Underground

1 week ago | brickunderground.com | Celia Young

Rent By Celia Young  | A rendering of the roof deck at 55 Broad St., a former office building once home to Goldman Sachs' headquarters. Housing lottery applications are open for 143 rent-stabilized apartments at a new development in Manhattan’s Financial District. Households that earn $37,578 to $200,900 are eligible to apply, depending on the number of people you live with. Rents start at $912 for a studio.

2 weeks ago | brickunderground.com | Celia Young

Neighbors By Celia Young  | There are nine mayoral candidates vying to win voters as part of the ranked-choice Democratic primary. Graphic by Celia Young/Brick UndergroundThe 2025 New York City mayoral election will have huge impacts on housing in the city, including where it gets built and how to make it affordable for everyday New Yorkers. In just two weeks, registered voters will rank their choices for mayor in the Democratic primary election on June 24th (early voting begins June 14th).

2 weeks ago | brickunderground.com | Jennifer White Karp

The Market By Jennifer White Karp  | Manhattan listings rose to their highest level since the summer of 2021, an increase of 31.2 percent over the previous year, but lease signings were down year over year, a drop of 4 percent. istockIt’s painful to be a renter signing a lease in New York City. Manhattan median rent for new leases hit a new high in May for the third time in four months. Other rent metrics for Brooklyn and Queens also climbed to new records.

2 weeks ago | brickunderground.com | Jennifer White Karp

There are two paths forward if management is asking you to pay rent that you withheld due to a lack of heat. You can negotiate a deal with the landlord or you can wait for your landlord to sue you. “If you don’t want to be sued, you can take the more proactive approach and come to an agreement,” said Altagracia Pierre-Outerbridge, attorney and founder of Outerbridge Law representing residential tenants, condo owners and landlords.

2 weeks ago | brickunderground.com | Jennifer White Karp

Rent By Jennifer White Karp  | The FARE Act represents major change for the NYC rental market, which has been an outlier in having renters compensate brokers hired by landlords. iStockNew York City’s new law that shifts responsibility for most broker fees from renters to landlords will go into effect tomorrow after a judge denied a powerful real estate lobby's attempt to prevent the law's implementation.