Why renting beats owning, converting a 30-story office tower, & more

By Jennifer White Karp | June 24, 2022 - 10:30AM

Across the U.S., the costs of owning a property are rising faster than the costs of renting (The New York Times)

Two developers are teaming to buy 55 Broad St. and convert the 30-story office building into 571 market-rate apartments (The Real Deal)

Mayor Eric Adams belatedly registers with the city an apartment building he owns on Lafayette Avenue in Bedford-Stuyvesant (Daily News)

Selling a house? The color of your front door can swing your sales price up or down by a few thousand, according to Zillow (press release)

Listening to the chatter at a landlord convention where owners try to recast themselves as the true victims of the pandemic (Vice)

Ridership at three Queens stops along the No. 7 line is at more than 65 percent of 2019 levels, among the highest in the entire subway system (The City)

Jennifer White Karp

Managing Editor

Jennifer steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in New York City real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC.

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