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Data Updates
A Tax Coup for Co-ops?
NY state law allows some of NYC’s most expensive apartments to be valued at a fraction of their market price, and thereby pay a much lower tax rate than other types of properties.
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Data Updates
From Knish to Kebab: NYC Remains a City of Immigrants
New York City has long been considered the Golden Door to the U.S.—and appropriately so. In 2010, over one-third of New York City residents were born outside the U.S.
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Data Updates
New York City Renters Feel the Squeeze
New York City renters are feeling the squeeze. According to the State of NYC’s Housing and Neighborhoods 2012 report, released today, between 2007 and 2011, the median monthly gross rent citywide increased by 8.6 percent and median household income decreased 6.8 percent.
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Data Updates
The Price of Building Higher
In New York City, developers can sometimes buy unused development rights from nearby properties to increase the size of their own building projects. This visual shows the locations, numbers, and average price per square foot (in 2013 dollars) of recent (2003-2011) development rights transfers in Manhattan.
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Data Updates
Summer of 311
High temperatures weren’t the only thing New Yorkers were sweating last summer.
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Data Updates
Where Have All the Foreclosed Properties Gone?
The stock of bank-owned, foreclosed properties in New York City has declined from a high of 2,095 properties in 2009 to 684 properties by the end of 2012.
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Data Updates
Feel the Squeeze
Not just your imagination; it really is getting more expensive to live in New York City.
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Data Updates
Growing More Than Greens
Turns out New York City’s community gardens grow more than just flowers and vegetables. After opening, these plots have shown a positive impact on surrounding property values, which grows steadily over time, especially in low income communities.
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Data Updates
Gossip Girls or Golden Girls?
Although the recently wrapped show Gossip Girl portrayed the Upper East Side as a playground for the young, rich, and beautiful, the neighborhood is actually home to the most rapidly aging population in New York City.
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Data Updates
In NYC, New Housing Development Looks Promising
Indicators of new housing development in New York City appear strong, according to a new housing report released today by the Furman Center.
