NYC rents

Lynda Williams woke up Tuesday in her Brooklyn apartment of 34 years wondering about her future there.

Cynthia Chaffee’s Manhattan apartment would likely go for more than $5,000 a month if the landlord charged market price. But Chaffee pays thousands less thanks to the city’s long-standing rent stabilization rules—regulations that will expire this year if lawmakers don’t act.

A median apartment in the West Village usually fetches several thousands of dollar per month in rent, but one clever guy managed to sign a lease for $10-a-month.

NEW YORK—The fate of a major Queens waterfront development lies in the preservation of nearly 700 rent-stabilized units in Crown Heights.

Two mixed-income buildings on the Long Island City waterfront are now taking affordable housing applications.

The majority of New York City residents rent instead of owning their own homes, but according to a new report by the public advocate, the list of the city’s worst buildings is longer than ever.

Manhattan and Brooklyn are the most expensive places to live in the United States, according to research from the nonprofit Council for Community and Economic Research.

Almost one-third of the estimated 40,500 rent-regulated housing units in East Harlem will have rent protections expire by 2040, some before 2020, according to an urban research and advocacy group.

A new report by Citi Habitats shows the average Manhattan rent hit $3,443, the highest since the firm started tracking the data in 2002.

“New York City is a catalyst for growth and its attraction is not based on the local economy, it’s not based on a regional or national economy,” said Jack Nyman, director of the Steven L. Newman Real Estate Institute of Baruch College.