'The Titanic Is Sinking' As Maintenance Costs Push NYC Multifamily Owners Underwater. Costs of all kinds continue to go up for owners of NYC apartments, and owners of rent-stabilized units are especially vulnerable, as their margins have been squeezed for years. Read more. Lawsuit: Cushman & Wakefield, Adams Ally Conspired To Oust Brokerage From City Leasing Deals. The relationship between the brokerage and the mayor’s head of real estate has already come under scrutiny in recent months. Read more. Namdar, Empire Swallow $22M Loss At 345 Seventh Ave. The century-old office building is in the area of Midtown South where a proposed rezoning would allow conversions to residential use. Read more. Manhattan Rents Rise For Third Straight Month With More Increases Expected. Median rent for December was $4,334, while renters signed approximately 4,300 new leases. Read more. |