Big City Register:

 

“Big City Register”

by: Bradley Rodenberg

Real Estate and Life in NYC and Beyond
July 2019

Today in NYC – July 27th, 1959
William Shea Brings Baseball Back to NYC

With the sting of losing the Dodgers to Los Angeles and the Giants to San Francisco in the same fateful year of 1957, NY’ers had a void to fill. Then-mayor Robert Wagner enlisted a Brooklyn attorney by the name of William Shea to chair a committee that would ultimately bring a new team to the Big Apple. After unsuccessful attempts to lure other teams (the Cincinnati Reds to name one!) to a new stadium near the old World’s Fair in Queens, William Shea made the announcement 60 years ago to the day that there would be an expansion team coming back to NYC. The NY Mets would play their first game almost three years later and be incarnate of the beloved, uprooted teams by wearing a combination of Dodger blue and Giant orange.

Market Pulse
More Changes to Rent Guidelines

Seeing as we are still in the midst of the hot rental season, I think it’s important to touch on a number of other rental laws that took effect July 14th that most consumers may not be familiar with. On top of the updated laws enacted for rent-regulated apartments (mentioned in last month’s edition), there are some important changes for all renters to be aware of. New measures include:


  • Credit/background checks for applicants are limited to the actual costs of the screenings or $20, whichever is less.
  • Last Month’s Rent is no longer allowed to be taken at lease-signing. Applicants will be responsible for First Month’s Rent and the Security Deposit only.
  • Security Deposits are limited to 1 month’s rent in all cases and must be returned within 14 days of a tenant vacating an apartment, with an itemized statement of the portion withheld.
  • Landlords can only collect the First Month’s Rent at lease-signingif the lease starts at any point other than the day of the lease-signing. The Security Deposit would be collected on the start date of the lease and key exchange.
  • Pre-paid rent in any increment of more than one month’s rent is no longer allowed.
  • Pet deposits are no longer allowed to be received/held by landlords.
  • Landlord/Tenant Disputes on the record of an applicant cannot be the reason for the denial. Landlords can still adhere to personal income and credit requirements.
There are other new rules that limit late fees and involve changes of notices of non-renewals. All of the above also applies to lease renewals.

That Time of Year – Ride 4 Love Montauk Edition

This is my pal Randy. Randy is one of an army of volunteers who keep the wheels on the wonderful cause, God’s Love We Deliver. Because of God’s Love We Deliver, thousands of homebound NY’ers, NJ’ers, and their families are kept well-fed with nutritionally-catered meals that are delivered straight to their doorstep. I’m doing another long-distance ride of 108 miles on Steptember 14th to raise funds for the cause and would love your support. Each $50 donation pays for 5 meals so please help me reach my goal of 500 meals. There is no donation too small or insignificant, and each gesture of support will make by clunky Univega feel lighter and keep the wind at my back.

To learn more about God’s Love We Deliver, visit the website here.

To support my fundraising efforts, visit my Crowdrise page here.

Just Sold – 159 Madison Avenue Apt 9H

A top broker once said to me, “if I had to rely on friends and referrals from friends for business, I wouldn’t have a business”, to which my wiseguy side thought well maybe you don’t have enough friends. All positive outcomes for clients are rewarding, but to see a friend who has worked their way up through the ranks in their industry to purchase a home makes me not only fulfilled but proud. I sympathize with the aforementioned ones who may not know this feeling. Congrats to yet another friend on their recent closing.

Just Listed/Just Rented! – 92 Hall St Apt 1

While riding by my old building one day, I noticed workers dragging old appliances out of the upstairs apartment and stopped to ask if the landlord was around. He was, and after a jogging of the memory (his last vision of me had an unruly beard and heavy metal hair) we discussed his hopes of finding qualified residents, to which I offered my assistance. Happy to say it only took two showings to find tenants for the garden apartment, and rarely can I personally vouch for a landlord to know that everyone will truly be happy. Looking forward to seeing what they do with the fertile lands of my former garden sanctuary, which once yielded tomatoes of all varieties, jalapenos, various herbs, purple bell peppers, a towering group of sunflowers and colorful perennials.
Buying? Selling? Renting out? Looking for a rental? I look forward to helping you or anyone you know in any way that I can.

And check out the back issues below!

June 2019    May 2019
April 2019    March 2019  
February 2019    January 2019 
December 2018   November 2018
October 2018    September 2018
August 2018   
 July 2018
June 2018    May 2018    April 2018

Thanks for tuning in!

Bradley Rodenberg
Licensed Associate Real Estate Broker
Cell – 917.246.0762
Direct – 212.337.6132
bradley.rodenberg@elliman.com
elliman.com/brro
575 Madison Avenue, NY, NY 10022. 212.891.7000 © 2019 Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. If your property is currently listed with another real estate broker, please disregard this offer. It is not our intention to solicit the offerings of other real estate brokers. We cooperate with them fully. Equal Housing Opportunity.
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EDITOR’S NOTE:

The Big City Register is a Newsletter Curated by long-time friend Bradley Rodenburg. We will be featuring this Newsletter on a Regular Basis. Newspapercup.com nor Blue Cloud Development were compensated in any form to feature this content. It appears based on its merit. Just because I am friends with someone does not jeopardize the high standard of journalistic integrity that is integral to our core values both at Blue Clou Development and newspapercup.com. This is not sponsored content. It is quality content, and that is my only concern. “The Loss of Values Creates the Vaccum which Cultivates Treachery.”

James C. Belew

 

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