Why is NYCHA’s rent collection rate falling?
Federal rent increases, lead abatement work, longer time to rehabilitate apartments, may play a role
Residential
Rent Guidelines Board issues conflicting NOI data for regulated apartments
One analysis said NOI rose by 0.4%; another showed NOI declined by 5% By Adam
HUD’s Section 8 subsidizes $9K monthly rents at Vornado’s Independence Plaza
Federal government pays millions to landlords above regular subsidy caps HUD dollars bridge conflicting policy
NYCHA’s rent collection rate falls for third consecutive year
Declined to 91.4% even as administration tweaked policy to boost it By Adam Pincus The
Dynamic Star acquires Bronx riverfront parcel for $31.5M
Brad Zackson hired Greenberg Traurig to plan, lobby for a rezoning of this and 11
$1B-plus in take-out financing likely for Tishman, Rockrose, in LIC this year
Developers have opened large rental towers in growing Queens market By Adam Pincus Tishman Speyer
How Brookfield prices one-time poster child of “predatory equity” at $1.5B
NOI up 70pct since 2008, tenants churn, rents rise, no public pushback from NYC By
David’s Cookies owner plans 104K sf resi tower in Lenox Hill
If filed, would be largest new residential building in 11 years along First Avenue in
Amazon warehouse is NYC’s most expensive single-building solar panel filing ever
Application is part of trend seeing photovoltaic cell permits up by nearly 165% in five