As seen in Lohud/Journal News on Saturday, May 11, 2024. Click here to view the guest opinion online. By Jane Curtis, Special to the USA TODAY Network New York is facing a housing crisis like never before, and while the average New Yorker may not understand the...
Media Coverage
The Real Deal: A fight is mounting over co-op ground leases.
Visit The Real Deal to read the full story. *** By Kathryn Brenzel In the final weeks of the legislative session, the Real Estate Board of New York is monitoring a bill that would cap annual rent increases for co-op ground leases and guarantee lease renewals. The...
Habitat: Two Bills Seek to Limit Rent Spikes in the City’s 100 Land-Lease Co-ops
Visit Habitat to read the full story. The 25,000 shareholders in New York City's 100 land-lease co-ops exist under a cloud. Since the corporations don't own the land their buildings sit on, they face sharp spikes in rent charged by the landowners when the long-term...