Manhattan landlords offer sweeteners, drawing would-be buyers

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Manhattan apartment rents climbed 7 percent in the second quarter from a year earlier as landlords emboldened. Two other would-be tenants applied for the apartment, and Kutscher needed to submit a.

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The real estate brokerage industry should take steps to address its conflict-of-interest problems, including having a broker represent both sides of a deal.

(Bloomberg) — Manhattan landlords are offering tenants more deal sweeteners than a year ago as developers continue to add supply, and mortgage rates and taxes are drawing in would-be home buyers willing to stick it out a while longer in the rental market.

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The StreetEasy Manhattan Rent Index ii reached a new peak for any first quarter at $3,217, while rents in Brooklyn and Queens reached all-time highs of $2,608 and $2,173, respectively.

The year is off to a good start for Manhattan apartment landlords, who have been able to increase rents, offer fewer incentives and retain tenants. In February, the median rent with the value of concessions factored in climbed 4.1 percent from a year earlier to $3,297, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Thursday.

The buyers of Terminal Stores on the. pursue a more modest or different vision instead. Drawing the investment partnership to the property was its historic look and feel, the source said, which.