Sentences with phrase «vacant apartments by»

Top analysts expect there to be a few more vacant apartments by the end of 2014, but strong demand will keep the percentage of vacant apartments compared to overall stock very low for a very long time...

Not exact matches

Commissioner of New York State Homes and Community Renewal RuthAnne Visnauskas said, «Stadium Estates Phase II will continue to reinvigorate the JOSANA neighborhood in downtown Rochester by replacing vacant lots with quality affordable apartments in attractive buildings.

The latest preliminary study, conducted by the U.S. Census Bureau and released Wednesday, found an estimated 3.45 percent of the apartments in New York are vacant.

(Credit Nathaniel Brooks for The New York Times) For decades, the cost of renting a regulated apartment in New York has been partly determined not just by annual increases approved by a city board, but also by the far bigger raises allowed when an apartment becomes vacant.

Landlords of rent - regulated buildings, however, rely on raising rent 20 percent in vacant units to recoup the losses they have acquired by subsidizing other apartments for years without adequate rent increases, according to Frank Ricci, director of government affairs for the Rent Stabilization Association, which represents landlords of rent - regulated apartments.

Glover called on the governor to walk back a policy that allows landlords to increase rents by 20 percent whenever a rent - regulated apartment becomes vacant.

REAL ESTATE — «Stringer: NYCHA apartments left vacant for years,» by Capital's Kelly Weill: «Low - income apartments run by the New York City Housing Authority are in high demand, with more than 270,000 applicants on the authority's waiting list.

When a tenant moves into a vacant rent regulated apartment, the landlord is allowed to bump up the allowed rent by 20 percent on a two - year lease, a process commonly referred to as a «vacancy bonus.»

The industry reps, however, refused to discuss ending «vacancy decontrol,» a process despised by Silver that allows landlords to deregulate certain apartments once they go vacant.

A couple of years ago the public was tantalized by a proposal to build a downtown grocery store rising out of a vacant parking lot on Ellicott Street, along with a high - rise building with apartments, offices and real estate space.

While Sumberg pointed out that NYCHA told auditors there were 2,342 vacant apartments as of September 2014, Kadushin responded that the number had gone down to 1,024 by May 2015.

He also wants to do away with another rule that allows landlords to raise the rent by 20 percent after an apartment becomes vacant.

More than 500 NYC residents gathered together on Tuesday, December 9th at the New York Society for Ethical Culture to demand an end to vacancy decontrol, a practice by which landlords can take a vacant apartment out of rent regulation when the rent reaches $ 2,000.

Syracuse, N.Y. — The long - vacant former NYNEX building near Syracuse City Hall would be redeveloped into a mix of commercial space and apartments under plans filed by its owner.

MPF's forecast for 2015 called for occupancy at the end of the first quarter the percentage of vacant apartments to rise by about 40 basis points, and for rents to keep growing, but less quickly than last years, at an average rate of about 3.6 percent to 3.9 percent a year.

Even though the Trust's mission is to facilitate the transfer of foreclosed and abandoned residential properties to local housing groups, Nickerson recognizes that «a neighborhood won't be stabilized if you have to walk by vacant retail space or a deteriorating apartment building to get there.»

Apartments, houses, mobile homes and even vacant lots to be used for housing are covered by the Fair Housing Act.