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View fullsize The Real Deal: NYCB loan defaults surge 400% as rent-stabilized buildings bleed. New York Community Bank on Wednesday reported defaulted loans totaled $800 million in the first quarter — a near 400 percent increase from the same period last ye
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View fullsize The IAI cap is insufficient to meet the significant renovations required in these units. Most vacant apartments coming off a long-term occupancy need a gut renovation, which costs upwards of $100,000 for a one-bedroom apartment. #nychousing #nyapartm
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View fullsize “This is a tale of two cities, and it doesn’t help renters in the Bronx when the RGB fails to acknowledge what’s happening to their homes. We understand that rent increases are unpopular, but defunding rent-stabilized buildings and
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View fullsize “We are talking about more than two-thirds of rent-stabilized buildings seeing massive declines in their operating income for multiple years in a row. This data is from 2022. Things got worse in 2023. If something is not done immediately, these
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