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Dear City Limits readers, It’s been a difficult time for New York City’s renters. In 2023, just 1.4 percent of apartments across the five boroughs were vacant and available for rent, the lowest rate in decades. Options were even scarcer for low-income tenants. At City Limits, we’re committed to covering issues that impact renters, such as who’s covered by the state’s new ‘Good Cause’ eviction law, how much your rent is allowed to go up under the new rules, why a spot on the Section 8 waitlist is so coveted – and who should pay those pricey broker fees. |
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That’s at the heart of a debate in the City Council this week, over a bill that would prohibit landlords from passing those costs onto new tenants. Last year, the average upfront cost for renting an apartment with a broker fee was more than $12,000, one estimate found. We spoke to tenants, landlords and brokers about what the policy change would mean for them. As a nonprofit newsroom, we need your help to support our work. If you value our reporting on being a NYC renter, please consider making a donation today. Your contribution powers our newsroom and ensures City Limits can continue covering issues that matter. |
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Have a renter-related question our reporters should look into? Email us: [email protected] Many thanks, Jeanmarie Evelly Executive Editor at City Limits |
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