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The fees are steep, typically totaling as much as 15% of the annual rent, about $7,000 for the average-priced New York City apartment. NYC bans unusual practice of forcing tenants to pay real ...
Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee. The price of those fees can vary widely, though the standard amount is 15% of the annual rent. For the average apartment in Manhattan, where the median monthly rent recently hit $4,500, that would amount to a fee of $8,100.
The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. In most other cities, landlords cover the commission of agents working on their ...
East New York: 19 8 and 14 1,586 June 30, 1958: Long Island Baptist Houses: East New York: 4 6 233 June 30, 1981: Louis Heaton Pink Houses: East New York: 22 8 1,500 September 30, 1959: Marcus Garvey Houses Brownsville: 3 6 and 14 321 February 28, 1975: Marcy Houses: Bedford-Stuyvesant: 27 6 1,705 January 19, 1949: Marcy-Greene Avs. Houses ...
In New York City, apartments in single and two-family homes became deregulated after April 1, 1953. Cities and towns outside New York City were given permission to deregulate when ready. The most expensive luxury apartments in New York City began to be deregulated starting in 1958.
The Dorilton is at 171 West 71st Street, at the northeast corner with Amsterdam Avenue and Broadway, on the Upper West Side of Manhattan in New York City.It occupies the western end of a city block bounded by Broadway to the west, 72nd Street to the north, Central Park West to the east, and 71st Street to the south. [2]
Equity Residential was sued in a class action in 2017 due to allegations that it charged late payment fees in violation of California law. [20] [21]In 2022, the company agreed to pay approximately $2 million to settle a lawsuit filed by Attorney General for the District of Columbia Karl Racine alleging that the company offered misleading rent discounts on a rent-controlled building in ...
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