House hacking in NYC

[Giancarlo Sarmiento]

Hello,

I’m currently looking into get my first rental in Queens, NYC. I have been searching for a property for about two months. I’ve noticed most houses in this market don’t meet the 1% rule. I was listening to this weeks podcast on Renting by the room. I believe queens to be a similar market to Seattle in which it could be suitable for renting by the room. Is this legal in NYC? What are the legal consequence of this strategy? Is think something that is still typically just done either way?

Thank you