With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
The NYC Rent Guidelines Board voted to approve rent increases of 3% for one-year leases and 4.5% for two-year leases on rent-stabilized apartments.
NAR successfully secured its top five priorities in the final package.
NEW WINDSOR—John J. Lease Realtors reported recently that it had sold the former Toyota Auto Sales facility, located at 2934 U.S. Route 9W in New Windsor. The sale price was $925.000.
The property consists of two buildings with 18,000 square feet total on 3.6 acres. The purchaser was Mid Hudson Films, LLC.
John J. Lease Realtors Commercial Properties was represented by Otto “Butch” Dudas and Arthur Fowler, both Associate Commercial Brokers in the transaction.
While many potential buyers believe they need a down payment of 20% for their first home purchase, the typical down payment for first-time buyers has ranged from 6% to 9%, dating back to 2018.
Indelicato joins the City of Yonkers with over 30 years of experience as an attorney and city planner for several Westchester County municipalities.
BRI officials stated that while the new increases prevent another destructive rent freeze, they once again fall short of what is required to keep up with rising costs.
A total of $789 million in funding is being directed to six projects in New York City ($603 million) and three projects in the Mid-Hudson region ($186 million).
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