Artificially low price is allowed to stand — and board gets stuck with legal fees.
Two new developments will have strict income caps and resale limits.
June 03, 2022
Higher interest rates put a drag on demand, resulting in drop on closings.
Spur for affordable housing, derided as welfare for developers, appears doomed.
May 13, 2022
The sail-shaped Olympia Dumbo tower is shattering price records in Brooklyn.
April sales dipped for the first time in three months as interest rates rise to fight inflation.
Tenant Protection Act has made conversions much more difficult for developers.
April 05, 2022
The market for Manhattan apartments keeps roaring along.
March 07, 2022
Russian oligarchs would lose the anonymity provided by shell companies.
Unhappy buyer claims pricey East Village condo is riddled with defects.