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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 ...
No.# of Buildings No.# of Stories No.# of Apartments Date of Completion Date of Demolition Notes 1010 East 178th Street: West Farms: 1 21 218 March 31, 1971: 1162-1176 Washington Avenue: Morrisania: 1 6 64 December 31, 1975: 1471 Watson Avenue: Soundview: 1 6 96 December 31, 1970: Adams Houses: Melrose: 7 15 and 21 925 August 31, 1964: Bailey ...
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 ...
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Baisley Park Houses is a housing project in South Jamaica, Queens, New York, completed on April 30, 1961. The development consists of five, 8-story buildings with 386 apartment units for an estimated 1,057 people. It covers a 7.48-acre expanse, and is bordered by the Long Island Rail Road, 116th Avenue, Foch and Guy Brewer Boulevards.
Queensbridge Houses, also known simply as Queensbridge or QB, is a public housing development in the Long Island City neighborhood of Queens, New York City.Owned by the New York City Housing Authority, the development contains 96 buildings and 3,142 units accommodating approximately 7,000 people in two separate complexes (North and South). [1]
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