rents Archives - Rava Realty

NYC war against illegal short term rentals

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NYC is flooded with illegal short-term rentals that do not comply with New York City law or building board guidelines. But a new effort to block illegal short-term rentals is launching January 9th. That’s when a new law, Local Law 18, goes into effect requiring owners and renters to register their short-term rentals with the Mayor’s Office of Special Enforcement. Hosts will get a registration number to display in listings. Sites such as Airbnb, VRBO, Booking.com, and others ...

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16K apartments to be delivered in South Florida this year

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Overall, monthly rents predicted to rise by 2% to $1,677

South Florida will see nearly 16,000 apartments delivered this year, leading rents to flatten in markets with added supply, according to a recently released report.

Fueled in part by population growth, the number of apartment deliveries will be nearly double the 8,871 units that were completed in South Florida last year, according to Berkadia’s annual report and 2020 forecast. That marks the highest number of annual ...

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Rents in Williamsburg have reached a new record high

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It’s already been a year since Gov. Andrew Cuomo abruptly called off the dreaded 15-month L train shutdown, replacing it with a “slowdown,” to repair the Canarsie Tunnel. 

Back in December 2018, median asking rents in the neighborhood fell to $2,899/month, according to StreetEasy. Then, in early January 2019, when Gov. Cuomo announced that the complete shutdown of the L train ...

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