City Rent Board Says Landlord Costs Are Racing Past Inflation
Rent‑Guidelines Board research shows operating costs for stabilized buildings rose 5.3% in the last year and about 31% over five years, with fuel and insurance driving the jump.
Taxman Hits Home: Property Bills Beat Inflation Across The U.S.
Property‑tax bills rose faster than inflation in 2025, with the average homeowner paying $4,427. See which states were hit hardest and what homeowners can do.
Hell’s Kitchen Office Once Worth $131M Headed For Fire-Sale To Werner
David Werner is in contract to buy the Press Building at 311 West 43rd for just over $40M — roughly one‑third of its 2018 price. The deal deepens the city’s office‑to‑residential conversion trend.
Crown Heights Braces For 12-Story Dean Street Tower
A 12‑story, 73‑unit project is proposed for 903 Dean Street in Crown Heights, with filings showing 54,137 square feet of new space and a concrete design. Sale records show nearby lots traded in March.
SEC Heat on Paramount Group Rattles Midtown Office Towers
The SEC has subpoenaed at least one former Paramount executive as investigators probe related‑party payments to ex‑CEO Albert Behler amid Rithm’s takeover. Regulators and shareholder lawyers are watching closely.
East Harlem Parking Lot Poised For 140-Unit Tower In Mamdani Housing Blitz
NYCEDC plans a 140‑unit mixed‑use building at 2453 Second Ave in East Harlem, using tax abatements and developer cross‑subsidy to fund at least 35 affordable homes.
Gindi Quietly Nabs $55 Million Downtown Brooklyn Office Prize
Gindi Capital bought a six‑story office building and a ground‑floor condo in Downtown Brooklyn for about $55M, adding to its local holdings while investors eye conversion upside.
Hudson Yards Showdown: West Side Hopefuls Demand Do-Over On $2 Billion Deal
Four District 3 candidates told a West Side forum they would ask Mayor Zohran Mamdani to re-examine a PILOT-backed $2 billion financing plan tied to Hudson Yards West.












