A housing lottery for luxury rentals, buildings off-limits to lenders, & more

By Jennifer White Karp | April 14, 2023 - 5:15PM

This week, Brick Underground readers were very interested in a new housing lottery in Williamsburg that gives renters a chance of landing a rent-stabilized apartment in a new, luxury building. Each week Brick highlights a different housing lottery and provides resources on how to navigate the housing lottery.

Also of interest: There’s a list of New York City co-op and condo buildings in which you can’t get a conforming loan, but the list is not public. It’s only available to Fannie Mae lender partners. If you’re using financing and trying to buy in one of these building and don't have a funding contingency, you risk losing your 10 percent deposit. Ouch.

Here are this week's top five posts:

1) A housing lottery opens for 43 apartments in Williamsburg

2) There's a semi-secret list of NYC co-op and condo buildings that are off limits to certain mortgage lenders

3) Is your NYC building sitting on an underground river?

4) Are NYC landlords going to get stricter about letting you break a lease?

5) From Williamsburg to Greenpoint: We outgrew our place and got a deal on a duplex in a historic district

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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