#New York City real-estate market shows signs of hope

#New York City real-estate market shows signs of hope

“#New York City real-estate market shows signs of hope” New York City’s pandemic-battered property world resembles a nerve-wracking “seesaw” of “flights and drops,” as Henry James wrote of his neurotic protagonist’s mood in “The Turn of the Screw.” With any luck, Gotham will come through in better shape than James’ tragic heroine. On the dark…

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#Restaurateurs are expanding in pandemic due to cheap rent

#Restaurateurs are expanding in pandemic due to cheap rent

“#Restaurateurs are expanding in pandemic due to cheap rent” The pandemic has been a bloodbath for most New York City restaurants, but some are expanding amid the carnage — and they can thank their hungry landlords. Think discounts on rent and “percentage leases” based on revenue generated. Landlords are even giving out “free money” —…

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#Slamming landlords leaves NYC’s housing on brink of disaster

#Slamming landlords leaves NYC’s housing on brink of disaster

“#Slamming landlords leaves NYC’s housing on brink of disaster” New York’s politicians have rushed to safeguard tenants during the pandemic and lockdowns, with multiple protections against eviction and guarantees that you don’t have to pay rent — without facing the fact that cutting off landlords’ income is courting other kinds of disaster. State lawmakers just…

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#Albany sets its sights on landlords

#Albany sets its sights on landlords

“#Albany sets its sights on landlords” Not satisfied with the devastating pain Albany has inflicted on restaurant owners, lawmakers are hoping to deal a similar blow to landlords, with an enormously irresponsible expanded ban on rent evictions that will let virtually anyone skip rent until at least May 1, just by filling out a form….

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#Harlem tenants left without heat and hot water for weeks

#Harlem tenants left without heat and hot water for weeks

“#Harlem tenants left without heat and hot water for weeks” Residents of a six-story Harlem apartment building owned by a notorious slumlord have been suffering without heat and hot water for weeks amid the coronavirus pandemic, The Post has learned. Tenants at 2035 Adam Clayton Powell Jr. Blvd. have been without heat or hot water…

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#New York is about to kill a whole lot of landlords

#New York is about to kill a whole lot of landlords

“#New York is about to kill a whole lot of landlords” Gov. Andrew Cuomo and President Trump made sure to protect tenants by banning evictions during the pandemic, but public officials have done almost nothing for property owners. That’s inviting disaster. Many of these landlords, particularly mom-and-pop small-building owners, have been struggling for months to…

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