Mayor wants a vacancy tax for empty storefronts

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.

Mayor wants a vacancy tax for empty storefronts

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 …

What tenants must know about buyouts, rent hikes and lease termination

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.

What tenants must know about buyouts, rent hikes and lease 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 …

Residential Multiple-Dwelling Properties: Gold Mines or Coal Pits?

Property managers are devoted to ensuring that your investment does not go to ruin. They take care of violations, keep track of the rent roll and ensure that your property is in good standing. After all, a property in disarray can lose value when it is time to sell.

Residential Multiple-Dwelling Properties: Gold Mines or Coal Pits?

Multiple dwelling buildings are highly sought-after because of their high return on investment. No, they are not coal pits. Here’s why. With multiple apartments …