STR in NYC

[Justin D' Apolito]

I am interested in doing STRs in NYC (I live here) because I see how much tourism is here year round. I see people all over my neighborhood (in Queens) with luggage and there are many listings even though there are a lot of city restrictions involved. I am not in the financial place to purchase a place to STR but I've heard of making a deal with a landlord and being able to rent a place on a lease, furnish and STR legally.

Anybody heard of this or doing it? Why shouldn't I pursue this, besides the usual time and energy cons that an STR brings?

[Michael Baum]

Hey @Justin D' Apolito, well they kinda are unless you live there. As of March 1, 2023

Short term rentals of dwelling units (rental for less than 30 days) are prohibited by the
Multiple Dwelling Law, the Housing Maintenance Code, and the Construction Codes
unless the permanent resident of the dwelling unit is present during the rental.

https://rules.cityofnewyork.us...