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therealdeal.com

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NY Dirt: Rutland Plaza tenants take landlord, HPD to court

A landlord with more than 2000 open Housing Preservation & Development violations is in hot water. At a rally outside Brooklyn housing court Monday, tenants in the Brownsville residential complex Rutland Plaza decried conditions like black mold, broken elevators and raw sewage that they claim landlord Robyn Lucas-Cora neglected to address despite receiving $96 million in state preservation funding in 2016.

Brooklyn, NY · 06-30
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therealdeal.com

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A bigger DSA bloc is coming to Albany. Real estate is bracing.

A larger socialist bloc is headed to Albany, setting up fresh fights over real estate policy. The Legislature’s Democratic Socialists of America caucus is poised to grow from nine members to at least 15, with another seat still too close to call in Syracuse, after Tuesday’s Democratic primaries. The gains fall well short of giving the DSA control of Albany, but they will give the organization a louder voice in the debate over New York’s housing agenda.

New York · 06-26
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westsidespirit.com

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Tony Simone Cruises to Easy Victory in Dem Primary Assembly Race

Incumbent NYS Assembly member Tony Simone, handily defeated a challenger in the Democratic primary on June 23as he seeks to get reelected for a third term. The challenger was community activist Emily YueXin Miller, whose campaign followed her efforts as a community leader in improving elderly care and eliminating racial profiling and discrimination throughout the city.

New York, NY · 06-25
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therealdeal.com

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From Lawyer to Luxury Developer | Salon Series with Victor Sigoura

New York real estate is famously brutal — but Victor Sigoura has managed to build and sell in some of the most competitive, supply-constrained corners of Manhattan. In this live Salon Series conversation with Amir Korangy, founder of The Real Deal, Victor breaks down how he went from litigator at Greenberg Traurig to a luxury condo developer behind projects on the Upper East Side, Gramercy Park, West Chelsea, and Greenwich Village.

Manhattan, NY · 06-23

Democrat and Chronicle

partner publisher · 32.0K followers

Best counties to live in New York ranked. Did yours make the top 10?

A Long Island county has been named the best place to live in New York for the second consecutive year, according to a new ranking from Niche . Niche, a website that reviews and ranks schools, colleges and communities, ranked Nassau County No. 1 among New York's counties based on factors including public schools, housing, jobs, diversity and access to local amenities. Why Nassau County ranked No. 1 Located directly east of New York City, Nassau County received an A+ overall grade from Niche. The county earned high marks for its public schools, family-friendly communities, diversity, nightlife and access to amenities. Niche noted that many of the county's roughly 1.3 million residents own their homes and have access to highly rated schools, health care systems, restaurants, parks and other recreational opportunities. However, Nassau County received lower scores for housing affordability, commuting, jobs and weather. Housing costs remain significantly higher than national averages. According to Niche, the county's median home value is about $658,700, compared with the national median of $303,400. Median monthly rent is $2,195, more than $800 above the national median. Top 10 counties to live in New York Niche's rankings changed little from last year. Saratoga and Monroe

New York · 06-16

startuprise.io

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IDB Bank Announces Avi Lieberman as National Head of Commercial Real Estate

IDB Bank’s commercial real estate business primarily serves the New York metropolitan area, South Florida, and Los Angeles. The bank provides financing for a wide range of property types, supporting clients from land acquisition and construction through project stabilization. In addition to property-level lending, IDB offers institutional financing solutions,...

Los Angeles, CA · 06-20

brownstoner.com

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Locals Push for Eviction Pause as Hochul Holds Bed Stuy Deed Fraud Roundtable

Governor Kathy Hochul touted state funding, prosecution tools, and prevention efforts during a Brooklyn roundtable on deed theft Wednesday, but her office did not commit to the eviction pause that, advocates say, is needed to keep homeowners in place while fraud claims are resolved. The meeting, held inside a Bed...

Brooklyn, NY · 06-19

uticaphoenix.net

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New York affordable housing push creates incredible hope for families

New York affordable housing push creates incredible hope for families. Governor Kathy Hochul unveils massive investments and major regulatory rollbacks to accelerate residential construction across the Empire State. The New York affordable housing push took a massive step forward this week as state officials announced groundbreaking progress on hundreds of...

New York · 06-18

New York Post

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NY’s pied-à-terre tax could leave entire co-ops on hook for massive bills: ‘Whole building suffers’

New York’s newly enacted pied-à-terre tax could leave entire co-op buildings on the hook for hefty tax bills if a wealthy second-home owner refuses to pay — sparking alarm among real estate brokers and co-op advocates who warn the measure was drafted without accounting for how co-ops actually operate. “It’s not the shareholder that suffers the consequences, it’s the entire building that suffers the consequences,” Jason Haber, co-founder of the American Real Estate Association and a Compass broker, told The Post. The tax spearheaded by Gov. Kathy Hochul and touted by Mayor Zohran Mamdani was signed into law as part of the state budget last month. Gov. Kathy Hochul signed Mayor Zohran Mamdani’s pied-à-terre tax into law as part of the state budget, targeting luxury second homes. Robert Miller for NY Post It targets luxury non-primary residences and is expected to raise hundreds of millions of dollars annually from wealthy second-home owners. But experts say the mechanics of collecting the surcharge could create major headaches for co-op boards, particularly in smaller buildings. Unlike condominiums, co-ops do not have separate tax lots for individual apartments. Instead, the entire building is assessed as a single property, with real estate taxes paid by

New York · 06-16

thedigestonline.com

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The NY-NJ Housing Market Just Made the Biggest Jump of Any Major Metro in the Country

New Jersey buyers (and sellers), take note. The New York-Newark-Jersey City metro just posted the biggest year-over-year ranking improvement of any large housing market in the United States, according to Realtor.com’s May 2026 Hottest Housing Markets report. The metro climbed 53 spots in the national rankings compared to this...

New Jersey · 06-17

longisland.com

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Attorney General James Files First Lawsuits Under Rent Stabilization Compliance Program

New York Attorney General Letitia James today filed the first lawsuits against two New York City landlords as part of her office’s compliance program focused on enforcing “de facto” rent stabilization in buildings throughout New York City. Following the Emergency Tenant Protection Act of 1974, de facto rent stabilization was created as a judicial doctrine to allow buildings with five or fewer units built before 1974 to become rent stabilized if the building was altered – legally or illegally – to have six or more units. Since its launch in May 2025, the Office of the Attorney General’s (OAG) de facto rent stabilization compliance program has successfully prevented 26 evictions and secured the return of 91 units to rent stabilization.

New York, NY · 06-16

re-nj.com

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RIPCO: 7 Brew continues expansion with five new leases in New Jersey, New York

Drive-thru coffee chain 7 Brew has signed four new leases in New Jersey and another in New York’s Rockland County, adding to its fast-growing footprint across the Northeast. That’s according to brokers with RIPCO Real Estate, which represents the operator in the region and has helped it secure prominent locations in high-traffic retail corridors. The new sites, which have received municipal approvals, include:

New Jersey · 06-16

hoodline.com

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J-51 Is Back: NYC Co-op Boards Eye Rare Renovation Tax Break

New York's state budget has officially brought back the J-51 tax abatement, handing co-op and condo owners a rare bit of good news as they stare down costly renovation projects. The revamped program increases benefits, widens who can qualify, and gives boards more breathing room to plan. The catch: the money will not just show up on your tax bill. Boards with upcoming façade repairs, boiler upgrades or Local Law 97 work should already be organizing invoices, checking timelines and lining up legal or accounting advice.

New York · 06-13

Realtor.com News & Insights

partner publisher · 28.9K followers

Bill Would Raise Capital Gains Exclusion for Seniors Selling Homes

Rep. Nicole Malliotakis' new "Nest Egg Protection Act," H.R. 9064, proposes raising the capital gains tax exclusion for people over 65.

Staten Island, NY · 06-08

therealdeal.com

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The developer bucking New York’s 99-unit trend

New York’s 99-unit building era is in full swing. But one developer appears to be bucking that trend. TF Cornerstone intends to use the 485x tax abatement program to build three large rental projects in Brooklyn, according to city data. That would make the developer the first to be...

Brooklyn, NY · 06-04

therealdeal.com

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Inside Mamdani’s NYC housing blueprint

Mayor Zohran Mamdani spent months campaigning on a promise to freeze rents and aggressively tackle New York’s housing crisis. This week, the administration finally showed what that looks like in practice. The mayor’s 112-page housing blueprint, dubbed “Block by Block,” lays out an ambitious and politically complicated strategy that...

New York, NY · 05-31

wheninyourstate.com

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14 Reasons Why Americans Are Leaving New York in 2026

New York has iconic cities, world-famous culture, unmatched energy, and enough pizza opinions to start family feuds for generations. But in 2026, many Americans are deciding the Empire State simply costs too much, moves too fast, and demands too much stress to stay forever. Between sky-high housing prices, crushing taxes, brutal winters, and nonstop pressure, plenty of New Yorkers are quietly heading for states where life feels a little less financially aggressive.

New York · 05-26

WebProNews

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New York’s Tax on Billionaires’ Empty Luxury Homes: Victory for Mamdani, Questions for the Balance Sheet

New York’s Tax on Billionaires’ Empty Luxury Homes: Victory for Mamdani, Questions for the Balance Sheet. New York state lawmakers have approved a tax on multimillion-dollar second homes in New York City. The measure, backed by Gov. Kathy Hochul and Mayor Zohran Mamdani, targets properties worth more than $5 million owned by people who do not live there full time. It passed as part of the delayed state budget on May 28. And it marks a rare point of alignment between the progressive mayor and the more moderate governor.

New York · 05-29

beckershospitalreview.com

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Retirees trade vacation homes for ‘med-à-terres’ near specialists

A growing share of wealthy retirees who left New York City during the pandemic are purchasing second properties to stay close to their physicians, The Wall Street Journal reported May 28. While a “pied-à-terre” is a second home located near the city for business or leisure, the “med-à-terre” gives affluent...

New York, NY · 05-28

New York Post

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Hochul’s pied-à-terre tax will hurt regular folks, retirees because of property-value fallout: critics

Gov. Kathy Hochul’s proposed pied-à-terre tax on pricey second homes won’t just soak the jet-setting super rich — it also will nail hard-working families and retirees who live in the same buildings, critics charge. Managers at the landmark luxury Manhattan House Condominium at 200 E. 66th St. recently fired off a letter to state Sen. Liz Krueger and other pols griping about the plan — which Democratic Socialist Mayor Zohran Mamdani wholeheartedly backs . Critics warn Gov. Kathy Hochul’s pied-à-terre tax will hit regular families and retirees, not just the super-rich. Lone Pine Press for NY Post The building overseers warned that the planned surtax on second homes worth more than $5 million in the city could impact the property values of every owner who lives in the same co-op and condo building because it makes the sites unattractive for future buyers. That decreases everyone’s property values, the opponents said. “Based on publicly available market data, Manhattan House represents well over $1 billion in residential property value. That value is not held only by absentee investors or speculative buyers. It is held by residents, families, retirees, long-time New Yorkers, and owners who rely on the stability and liquidity of the

New York, NY · 05-24