apartments

Unstable NYC building case may make converting offices into apartments harder

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The unstable midtown Manhattan building which faced the threat of collapse earlier this week may make it harder for developers to convert office spaces into apartment buildings in the future and raise insurance prices, according to the Wall Street Journal. Neil Osnato, founder of Persistence Analytics Group, joins The Takeout to discuss. Source link

Rent board fulfills Mamdani’s vow to freeze the rent on 1 million NYC apartments

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NEW YORK — New York City Mayor Zohran Mamdani barreled into City Hall vowing to tackle the city’s notoriously high cost of living, partly by fulfilling a campaign promise repeated with almost monomaniacal zeal in social media ads, speeches and rallies: “As your next mayor, I will freeze your rent.” On Thursday evening, a board … Read more