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Sheraton reacquired the hotel in 1976 and resold it to developer William Zeckendorf Jr., who converted the McAlpin to 700 rental apartments. The building reopened in 1980 as the McAlpin House . The McAlpin was renamed Herald Towers in 1999 and was converted to condominiums in the 2000s.
For the month of July, the median rent settled at $4,400 for a one-bedroom apartment, a sum that surpasses the previous month by $100 and stands 6% higher than the figures from this same period ...
The passage of the Rent Regulation Reform Act of 1997 restricted rent stabilization to apartments where the legal, or stabilized, rent was under $2,000 per month. The decontrol rent was set at $2,000. The decontrol income was $175,000. [13] In June 2011, the New York State Legislature enacted the Rent Act of 2011. [13] It did the following:
In Manhattan, the average rent topped $5,000 for the second straight month in July, increasing 1.1% to $5,113 from $5,058 in June. Manhattan’s average monthly rent tops $5,000 again [Video] Skip ...
Chelsea is a neighborhood on the West Side of the borough of Manhattan in New York City.The area's boundaries are roughly 14th Street to the south, the Hudson River and West Street to the west, and Sixth Avenue to the east, with its northern boundary variously described as near the upper 20s [4] [5] or 34th Street, the next major crosstown street to the north.
The New Yorker Hotel is a mixed-use hotel building at 481 Eighth Avenue in the Hell's Kitchen neighborhood of Manhattan in New York City.Opened in 1930, the New Yorker Hotel was designed by Sugarman and Berger in the Art Deco style and is 42 stories high, with four basement stories.
Authorities have identified the woman who burned to death after she was set on fire inside a New York City subway train as 57-year-old Debrina Kawam.
In the 1990s, several of the big SRO hotels were renovated, including the Milwaukee, the Northern Pacific, and the Eastern; however, the fire, safety, and earthquake code upgrades led to big rental increases (for example, the Publix Hotel rental went from $75 per week for a SRO in the early 2000s to $1,350 per month for a micro-studio in 2018 ...