classic brownstone row house with a stoop and tall windows in New York, New York

STR prohibited

Short-term rental laws in New York, NY

Last updated 2026-05-16·Source: NYC Local Law 18 / Office of Special Enforcement

The current rules

What New York actually requires

Local Law 18 mandates host registration and limits short-term rentals to hosted stays where the host is present and the guest has access to the whole home — no lockboxes, max two guests.

The un-hosted, whole-unit STR that a DSCR investor underwrites is effectively prohibited; platforms must verify registration, so unregistered listings can’t collect.

The engine treats NYC as banned: no DSCR sale on STR income. The realistic path is a 30+ day mid-term rental or a standard long-term rental, which can still fund as a DSCR deal.

Does it still pencil?

A $750,000 3BR at 25% down

Not as a short-term rental — New York prohibits the model. The realistic path is a mid-term rental, which can still fund as a DSCR deal on long-term rent.

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FAQ

New York STR-law questions

Is short-term rental legal in New York?

New York City’s Local Law 18 requires STR registration and bars rentals under 30 days unless the host is present and the guest has full home access. In practice this prohibits the un-hosted whole-unit investor STR model, and enforcement (platform delistings + fines) has been aggressive. (Source: NYC Local Law 18 / Office of Special Enforcement, as of 2026-05-16.) Always confirm current rules with the jurisdiction before purchasing.

How much does an Airbnb make in New York?

A typical 3-bedroom projects around $88,000/yr from 30 comparable listings within 0.5 mi, trailing 12 months (AirROI + Rabbu comps). Revenue scales with bedroom count and amenities; lenders verify via Form 1007 or operating statements.

Can I get a DSCR loan on an STR in New York?

Not on short-term-rental income — New York prohibits the model a DSCR investor underwrites. The realistic path is a 30+ day mid-term rental or a long-term rental, which a DSCR lender can still fund on long-term rent.

Will the rules in New York change?

Likely — STR ordinances are moving city by city in 2026. This page was last checked 2026-05-16; we re-check on a monthly minimum and on ordinance events. Confirm the current rule with New York before closing.

Can I get a DSCR loan on an Airbnb with no rental history?

Yes. 9 of the 10 STR lenders we track qualify the loan on a market revenue projection (AirDNA/Rabbu) or an appraiser’s Form 1007 short-term-rent schedule, so no operating history is required for many programs.

What DSCR do STR lenders require?

Most set a floor around 1.0 on the cap-adjusted DSCR (revenue ÷ PITIA). Some offer no-ratio or sub-1.0 STR programs at a premium for thinner deals. The engine shows your ratio against each lender’s specific floor.

How current is this information?

Revenue and rate figures render from the data layer with an “as of” date; STR legality is re-checked on a monthly minimum and on ordinance events, because stale legality is worse than none. Every status shows when it was last checked and a source to verify.

New York feasibility All cities STR → MTR pivot

Legality: Short-term-rental rules change frequently and vary by city, county, and HOA. Legality shown reflects publicly available sources as of the date displayed; it is not legal advice or a permitting determination. Confirm current rules, permits, and HOA/condo restrictions with the local jurisdiction before purchasing.

Revenue: Projected revenue is an estimate from comparable listings and is not a forecast of your results. Lenders independently verify income, typically via appraisal (Form 1007/1008) or 12-month statements. This is not a loan decision or offer.

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