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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.
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 ...
Sven (originally known as Queens Plaza Park) is a residential building located at 29-59 Northern Boulevard (next to Queens Plaza) in the Long Island City neighborhood of Queens, New York City. At 762 feet (232 m) tall, Sven is the third-tallest building in Queens behind Skyline Tower and The Orchard , as well as one of the tallest buildings in ...
It was signed into law in 1955 as the Limited-Profit Housing Companies Law. [2] [3] It was later recodified as article II of the 1961 Private Housing Finance Law.[7] [8] Article II Limited-Profit Housing Companies refer to not-for-profit corporations, whereas article IV Limited Dividend Housing Companies refer to non-Mitchell–Lama affordable housing organized since 1927 as business ...
The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012 Reuters 2 months ago Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025
The apartments were to be offered at prices between $16,500 and $55,650, with yearly maintenance fees ranging from $3,200 to $10,600. [105] The Beresford officially became a co-op in June 1962 after existing tenants and newcomers bought shares in the co-op for half of the apartments. Riker & Co. then obtained a $4 million mortgage. [106]
The apartment complex was built in 1963–1964 and developed by Fred Trump, the father of Donald Trump. [1] [3] The complex, built on the site of the former Culver Depot, [4] was designed by architect Morris Lapidus. [2] The construction cost US$70 million. [5]
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