The New York Apartment Rental News – July 16, 2012
New York City’s list of worst landlords was released this past week, revealing some of the most unsavory places to live in the city. Rents in the city are rising steadily due to the demand for rentals, and new city regulations are discouraging the short-term rental. Read more about the latest news in New York City’s rental scene in the stories below.
Price per Square Foot Stabilizes for Rentals in New York City; Harlem Sees Biggest Price Hike – In the second quarter, average asking price for rentals in New York City inched up from $4,054 to $4,130. Find out more about how rental prices are doing in NYC’s neighborhoods.
Mayor Bloomberg’s New Law Could Turn Away 2 Million Tourists and Eliminate 20,000 Jobs – Last May, New York City started enforcing a law that makes it illegal to rent out your own home for a period of less than 30 days. City officials are cracking down on bed-and-breakfast hosts to discourage the practice.
Brooklyn Tenants Tell Tales About Their Neglectful Landlords – Rats in the walls, no hot water, and unstable floors are just a few of the problems of these Brooklyn tenants. Read more about the building whose owners have landed on the NYC Worst Landlords Watchlist.
City Going After Predator Landlords who Lure Homeless Families into Squalid Housing – New York City is cracking down on slumlords who prey on homeless families as they exit the shelter system. New measures from the city’s Department of Homeless Services are designed to keep families safe.
Dishonor of the Day: New York City Ranks its Worst Landlords – A list you don’t want to be on is the New York City Public Advocate’s list of the Worst Landlords Watchlist. The lists helps prospective renters avoid deadbeat landlords and encourages owners to make life better for their renters.