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Waterside Plaza is a residential and business complex located on the East River in the Kips Bay section of Manhattan, New York City. It was formerly a Mitchell-Lama Housing Program -funded rental project.
Rent burden, or the percentage of residents who have difficulty paying their rent, is 42% in Kips Bay and East Midtown, compared to the boroughwide and citywide rates of 45% and 51% respectively. Based on this calculation, as of 2018 [update] , Kips Bay and East Midtown are considered to be high-income relative to the rest of the city and not ...
Growing rents and a gradual conversion of more rent-regulated units to market rates brought the net operating income of the property up each year from 2006 - 2015. At the end of 2015, about 45% of the complex's residents were paying regulated rents – down from 71% in 2006 – and income was above $200 million a year.
You also need to show a risk of homelessness, such as a past due rent notice. Finally, your 2020 income level can’t exceed 80% of your area’s median income, though states might have different ...
According to the Landlord Tenant Guidebook, “Most rental agreements require that rent be paid at the beginning of each rental period.” In a month-to-month tenancy, rent is typically due on the ...
The Penn South cooperative as seen from the Empire State Building. Penn South, officially known as Mutual Redevelopment Houses and formerly Penn Station South, is a limited-equity [1] housing cooperative development located between Eighth and Ninth Avenues and West 23rd and 29th Streets, in the Chelsea neighborhood of Manhattan in New York City.
The Barbizon was split into 66 apartments, which ranged from a one-bedroom apartment costing $1 million to a 5,300-square-foot (490 m 2), double-story penthouse costing $15 million. Fourteen women, most over the age of 50, remained in rent-controlled apartments, paying $113 to $424 per month. [184] These women were relocated to their own floor ...
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