Real Estate
Local Law 97 is Here. Who Pays?
Thousands of co-ops face massive fines next year. We mapped the hardest-hit neighborhoods.
5 min readMTA Budget
The Congestion Pricing Math Doesn't Add Up.
The MTA is banking on $1 billion a year in new revenue. But a close look at the traffic models suggests a $300 million shortfall by 2026. Here is exactly where the models break down.
By Sarah Hughes
Oct 12, 2023
-28% vs Projection
By The Numbers
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$4,200
Median Manhattan Rent (Sept), up 4% YOY.
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4.2M
Average daily subway ridership, stalling at 70% of 2019 levels.
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-14%
Drop in active short-term rental listings since Local Law 18 enforcement.
City Hall
The Garbage Zoning Wars
Containerization sounds simple until you ask commercial landlords to give up curb space.
8 min readTransit
IBX: The 2035 Dream
The Interborough Express is gaining momentum, but the environmental review timeline is slipping.
6 min readInteractive
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Special Report
The Slow Death of the $1 Slice.
It is not just inflation. The cost of commercial gas, specialized mozzarella distribution, and legacy commercial leases are dismantling NYC's most famous economic index.
Read the Investigation"We held at $1 for ten years. When wholesale cheese hit $2.80 a pound, the math simply stopped working. It's $1.50 now, or we close."
— Tony, Midtown Pizzeria Owner