NYC Real Estate Recap: June 26 - July 2

In this week's real estate recap, time is running out for the iconic brooklyn heights watchtower sign, a 1.25% hike on rent stabilized apartments gets approved, and top brokerages team up with rebny to cut out streeteasy.

whether you're in the hamptons, upstate new york, or elsewhere, have a great sunday and a better 4th of july.


Time Is Running Out for Brooklyn Heights' Iconic Watchtower Sign

"After nearly 50 years atop the Jehovah's Witnesses building, the sign is coming down under new owners." Read more here...


LIRR fares will be discounted during Penn Station track work

"In theory, it’ll mollify customers whose commutes are disrupted, but some say that Governor Cuomo isn’t going far enough." Read more here...


1.25% Hike on Rent Stabilized Apartments Approved by Board

"Rent stabilized tenants will see a 1.25 percent hike on one-year leases; 2 percent on two-year leases." Read more here...


Threatened Williamsburg Community Center Spared Closure by Public Funding

"St. Nicks Alliance finalized the purchase of Swinging Sixties Senior Center on Thursday." Read more here...


Tenant group opposes StuyTown unit conversion plan

"The Stuyvesant Town and Peter Cooper Village Tenants Association is railing against a plan to convert 115 units at the housing complex. " Read more here...


Bent Crane at Downtown Construction Site Allowed to Stay, Worrying Locals

"A neighbor made a 311 complaint about the crane at 565 Broome St. and it was still at the site Monday." Read more here...


Prospect Park’s endangered horse stables will likely be purchased by the city

"Kensington Stables will stay operating if ownership and the city can strike a deal." Read more here...


Top brokerages team up with REBNY in deal that could cut StreetEasy out

"Many of the city’s top residential firms have moved to expedite a plan to syndicate their listings exclusively through the Real Estate Board of New York’s listings service." Read more here...


Rent Guidelines Board approves first rent hike in three years

"Rents for New York’s stabilized apartments are set to rise for the first time in three years..." Read more here...


West Village tenants sue Rudd Realty for alleged J-51-related rent overcharges

"For decades, the J-51 tax abatement has given NYC landlords an extra incentive to update roughed-up residential and commercial properties; but the tax cut comes with a compromise..."