Brick Underground

1 week ago | brickunderground.com | Celia Young

Renovation By Celia Young  | U.S. Customs and Border Protection collected $500 million in tariffs between April 5th and April 14th, according to CNBC. iStockThe Trump administration’s new tariffs on foreign goods have rattled the stock market, raised the risk of a recession, and triggered at least one lawsuit. Now, they’re coming for New York City’s real estate market.

1 week ago | brickunderground.com | Celia Young

Affordable Housing By Celia Young  | A rendering of the $416 million Inwood development, which has space for a supermarket on the first floor. Housing lottery applications are open for 281 rent-stabilized apartments at a new development in Inwood at the northern tip of Manhattan. Households that earn $38,400 to $154,080 are eligible to apply, depending on the number of people you live with. Rents start at $978 for a studio.

2 weeks ago | brickunderground.com | Jennifer White Karp

Sell By Jennifer White Karp  | Whether Brooklyn's new momentum will continue amid so much economic uncertainty is the question buyers and sellers face now. iStockBrooklyn prices set new records in the first quarter of 2025 as buyers continued their return to the market, but whether this trend will hold amid the economic turmoil created by the new trade wars is difficult to predict.

2 weeks ago | brickunderground.com | Jennifer White Karp

The Market By Jennifer White Karp  | Manhattan median rent was $4,495 in March, just $5 less than the “unusual” record set in February, as per the Elliman Report. iStockMarch was another unusual month for the New York City rental market: Rents hit record highs again, fueled by increased competition for apartments, plus a new wrinkle: concerns about the economic fallout of President Donald Trump’s new tariffs.

2 weeks ago | brickunderground.com | Jennifer White Karp

The route you take for an overcharge claim will largely depend on the time and money you have to pursue your landlord and your willingness to be sued if you stop paying rent. Legal representation is crucial because the rent-stabilization rules have changed over time and you need to know the history of the laws to accurately determine an illegal deregulation.