New York landlords tend to be institutional investors and hedge funds. Small businesses have been having a tough time renting stores, which typically go to chains or temporary luxury businesses.
By Anthony Noto (New York Business Journal) Vacant storefront windows throughout New York City are an urban blight. And with traditional retail being such a tough market, they’re becoming more common. Mayor Bill de Blasio has a plan to solve this problem. While in Albany, the mayor called for the passage of a “commercial vacancy tax.” What […]
If you are a tenant of a multiple dwelling unit, you should know your rights when offered a buyout, when you are facing a rent increase and when your lease is facing termination.
Throughout New York City, tenants of multiple dwellings have found themselves making the critical decision of whether they should accept a buyout for their rent-stabilized apartment. Rent stabilization usually applies to buildings with 6 or more units, although there are exceptions. What Landlords have realized is that tenants with rent-stabilized leases typically have lower than […]
Information is power. Get the information you need to become a first-time homebuyer in New York City.
Workers World Today has partnered with Equity Smart Realty, Chamber Coalition, Caribbean American Weekly, The Immigrant’s Journal and Figeroux and Associates to bring you the following seminar on Home Ownership. If you are a first-time homebuyer and are interested in learning about the home-buying process, this will be a great opportunity for you. Register now […]