Weekly Manhattan & Brooklyn Market Update: 10/21
Rihards Gederts - Elegran | Forbes Global Properties Manhattan & Brooklyn Experience an Unexpected Surge in Supply and Demand This week brought an unexpected uptick in new supply and contract signings across Manhattan and Brooklyn. In Manhattan, 428 new listings hit the market—a 59% jump from last w
Weekly Manhattan & Brooklyn Market Update: 10/14
Rihards Gederts - Elegran | Forbes Global Properties Supply Returns to Seasonal Uptrend After last week’s unexpected dip, inventory in Manhattan and Brooklyn rebounded to follow their seasonal upward trend. Manhattan’s supply increased by 2.7% to 6,756 units, while Brooklyn’s rose by 1.7% to 3,429
Forget what you’ve heard: You don’t have to pay a ‘good faith’ deposit for a rental
If you are looking to rent in New York City, you might come across an agent asking for something known as a good faith deposit—usually a fee of $500 or so to hold an apartment while your application is being processed. But according to state regulators, that request violates the law. Brokers aren’t
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