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Tag Archives: Crain
A crackdown on hotels in apartment buildings – Crain’s New York Business
On May 1, a law affecting budget hotels that also have residential units goes into effect, making it illegal for these properties to rent rooms for less than 30 days. Two dozen hotel owners claim the regulation, signed into law … Continue reading
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Tagged apartment buildings, Budget, Business, crackdown, Crain, dozen, hotel owners, law, residential units, york business
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A crackdown on hotels in apartment buildings – Crain’s New York Business
On May 1, a law affecting budget hotels that also have residential units goes into effect, making it illegal for these properties to rent rooms for less than 30 days. Two dozen hotel owners claim the regulation, signed into law … Continue reading
Posted in News
Tagged apartment buildings, Budget, Business, crackdown, Crain, dozen, hotel owners, law, residential units, york business
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Cap rate shows Manhattan is U.S. leader – Crain’s New York Business
Price rises here push down investors’ expectations of their returns on buying property here in further sign of recovery; NYC market expansion forecast for 2012, year ahead of D.C. The amount of money investors are anticipating they’ll make when they … Continue reading
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Tagged Business, business price, cap rate, Crain, expansion, Forecast, market expansion, NYC, york business
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Wealthy individuals bet on commercial property – Crain’s New York Business
He seeks apartment buildings with a cap rate of 6% to 9% annually. Families should compare what they may be charged in “promotes,” which are similar to carried interest fees paid to private equity and hedge funds, to other investments, … Continue reading
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Tagged apartment buildings, Bing, Business, cap rate, Crain, Equity, hedge funds, rate, wealthy individuals, york business
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Renters beware: Prices are going up – Crain’s New York Business
Renters beware: Prices are going upCrain’s New York BusinessManhattan vacancies seen as slipping below 1% as soon as next month; rents for studios up 7% in a year, while three-bedrooms soared 12%. Rending an apartment in Manhattan is only going … Continue reading
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Tagged bedrooms, Business, BusinessManhattan, Crain, Manhattan, month, rents, report, vacancies, york business
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Here’s a solution for unfair rents – Crain’s New York Business
Here's a solution for unfair rentsCrain’s New York BusinessMeanwhile, all of New York City's residents who lost out on the prize of a rent-controlled or rent-stabilized home in the apartment lottery are being forced … read more
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Tagged apartment, Business, Crain, Home, lottery, New York City, prize, rents, rentsCrain, york business
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NYC ousts DC atop national apartment index – Crain’s New York Business
NYC ousts DC atop national apartment indexCrain’s New York BusinessManhattan apartments are expected to see a decline in vacancy. New York City will beat out 43 other major markets this year in terms of apartment vacancy … read more
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Tagged apartment vacancy, Business, BusinessManhattan, Crain, Decline, index, national apartment, New York City, vacancy, york business
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NYC ousts DC atop national apartment index – Crain’s New York Business
NYC ousts DC atop national apartment indexCrain’s New York BusinessManhattan apartments are expected to see a decline in vacancy. New York City will beat out 43 other major markets this year in terms of apartment vacancy … read more
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Tagged apartment vacancy, Business, BusinessManhattan, Crain, Decline, index, national apartment, New York City, vacancy, york business
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2 deals close before tax rise that wasn’t – Crain’s New York Business
2 deals close before tax rise that wasn'tCrain’s New York BusinessThe capitalization rate on the property, which was owned by the Nolan family, was 4.88%. “It's a very low cap rate for the outer boroughs,” said Robert … read more
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Tagged Business, cap rate, capitalization rate, Crain, nolan family, outer boroughs, rate, tax, wasn
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Real estate investors see their returns deflate – Crain’s New York Business
Real estate investors see their returns deflateCrain’s New York BusinessThe average capitalization rate for Manhattan commercial properties—the rate of return on an investment anticipated by a buyer in the first year of … and more » read more