StreetNoise

ARMs make a comeback, $74.34 million penthouse sale, & more

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By Jennifer White Karp  |
July 11, 2022 - 10:30AM

Tens of thousands of affordable apartments in New York City are reportedly being kept vacant. Landlords say they can’t recoup renovation costs under current rent caps (Business Insider)

Social climbers: An ant species from Europe is making the city its home and is not deterred by apartments on upper floors (The New York Times)

A $74.34 million penthouse on Fifth Avenue, across the street from Trump Tower in Midtown, is the biggest sale of the year so far (New York Post)

Adjustable-rate mortgages (ARMs) are making a comeback (CNBC)

Tenants at 1349 Stratford Ave. in the Bronx who have been without gas for six months sue their landlord (Daily News)

Staging tips to get more money out of your sale (The New York Times)

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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.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.

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