Cropseyville
Real Estate
What and When? Albany Housing Deal Likely, But Big Questions Remain
As state budget negotiations drag nearly two weeks late, a housing deal seems likely to coalesce—but it’s not there yet, as consequential details remain fluid. As state budget negotiations drag nearly two weeks late, a housing deal seems likely to coalesce—but it’s not there yet, as consequential details remain fluid.
Office Vacancy Crisis Deepens as Albany Mulls Easing Conversions to Apartments
New York City’s office market is stalled with the vacancy rate stuck at a record high, and the best hope for improvement in the near future depends on whether the governor and the legislature can agree on legislation to speed the conversion of office space into housing. Reports issued in the past week by the […] The post Office Vacancy Crisis Deepens as Albany Mulls Easing Conversions to Apartments appeared first on THE CITY - NYC News.
Albany’s grand plan to revamp housing in NYC unveiled — see it here
We built this city! The ink is now dry on Albany’s grand plan to massively ramp up housing supply in the Big Apple, with lawmakers and Gov. Hochul expected to sign off on the landmark proposal sometime this weekend. The multifaceted plan includes a litany of measures to push developers to build thousands of new housing units, while attempting to reduce rental costs and protect millions of tenants from unscrupulous landlords. The sweeping measure includes: “Good Cause Eviction” tenant protections for New York City Lets tenants take their landlord to court if they raise rent more than 10% or 5% plus inflation, whichever is lower Tenants...
These Upstate NY metros have among the highest property tax rates in US
Multiple metro areas in Upstate New York were among those with the highest effective property tax rates in the U.S. in 2023, including one in the top 10, according to new data. Rochester, Utica-Rome, Buffalo and Albany were all in the top 60 for highest effective property tax rates in...
Major Housing Deal Appears Near in Albany
A housing deal taking shape between the legislature and the governor is likely to provide a larger increase in rents for landlords who renovate apartments, lift the limits on density in residential buildings in many areas of the city and provide renter protections more like those in other states than the original proposal by tenant […] The post Major Housing Deal Appears Near in Albany appeared first on THE CITY - NYC News.
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