Covid exacerbates rent disparity, sales plunge in the city, & more

By Jennifer White Karp | September 11, 2020 - 10:30AM

Over the last six years, rents have grown twice as fast in NYC neighborhoods that saw the highest rates of Covid-19 compared to neighborhoods with the fewest Covid-19 cases, per StreetEasy’s annual rent affordability report (press release)

Residential sales dropped 50 percent across the city from April 1 to June 30 compared to the same period last year, according to a report from the Real Estate Board of New York (press release)

More than 150 business leaders, including real estate developers, signed a letter to Mayor Bill de Blasio urging him to better address crime and other quality-of-life issues (The New York Times)

The Legal Aid Society will sue the city over its plan to move homeless New Yorkers with disabilities out of a shelter in Manhattan (press release)

As of Monday, you can be fined $50 for refusing to wear a mask on buses and subways (amNewYork)

If you’re thinking of living in Pawling in Dutchess County, get in line (The New York Times)

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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