New York City Unveils 'City of Yes' Plan to Tackle Housing Crisis with 80,000 New Homes Over 15 Years
NYC celebrated the passage of the "City of Yes for Housing Opportunity," aiming to create 80,000 new homes and invest $5 billion in housing and infrastructure.
New York City Introduces Annual Parapet Inspection Mandate to Enhance Building Safety by 2024
NYC mandates annual parapet inspections for building safety, with compliance required by December 31, 2024. The rule exempts one- or two-family homes and buildings with barriers.
Bronx Tenants Battle Unsafe Living Conditions, Landlords Face Legal Action Over Neglect and Collapse Aftermath
Bronx residents face hazardous living conditions, with one building lacking heat and elevator service, and another suffering from a collapse and looting, leading tenants to sue landlords over longstanding neglect and safety issues.
Iconic Manhattan Helmsley Building Faces Foreclosure Amid Real Estate Challenges
The Helmsley Building in Manhattan faces foreclosure due to financial issues and a valuation drop, despite RXR Realty's efforts and potential for residential conversion.
East Harlem Tenants File Suit Against Landlord, Accusing Emerald Equities of Withholding Security Deposits Amid Building Issues
Nearly 5,000 New Yorkers filed complaints against landlords for withholding security deposits, prompting a collective lawsuit by East Harlem tenants against Emerald Equities.
Staten Island Residents on Edge Over Future of Former St. John's University Campus Amid Housing Rumors
Residents of Grymes Hill are concerned about the potential housing development on the former St. John's University campus, despite the school's denial of such plans.
New York City Introduces More Affordable Housing Options with Rents Starting Under $1,000
Housing Connect lists affordable apartments in NYC, with rents under $1,000, featuring options in Queens and a Madison Avenue high-rise with a housing lottery.
Historic Times Square Properties Sold for $48 Million, Poised for Commercial Revival
Manhattan's Times Square West properties have been sold for $48 million to a partnership of real estate firms, with Cushman & Wakefield facilitating the transaction.
Former Dylan's Candy Bar Location on Upper East Side Faces Foreclosure Lawsuit
The former location of Dylan’s Candy Bar on the Upper East Side is subject to a foreclosure suit as Olshan Properties allegedly failed to pay a $35 million mortgage.
New York City Offers Tax Breaks to Homeowners Building Accessory Dwellings Amidst Housing Crisis
New York City homeowners could get property tax breaks for creating ADUs, an initiative under the City of Yes zoning overhaul to address the housing crisis.
Bronx Building Collapse Leads to Regulatory Reforms Contractor Violations and Engineer Suspension
The Bronx building collapse investigation blames the contractor for not catching a critical engineer's error, leading to a catastrophic event with regulated aftermath and professional consequences.
New York City Hotel Scene Shuffles as Veteran Hotelier Sam Chang Nears Retirement with Multi-Million Dollar Sales
Hotelier Sam Chang sells a Holiday Inn Express in Manhattan for nearly $60 million, indicating a move towards retirement with a series of property sales.
Billionaire Bill Ackman Puts Two Beresford Apartments on the Market for Nearly $20M in NYC's Upper West Side
Bill Ackman is selling two luxury apartments in the Beresford building for $19.9 million, potentially at a loss from their $22.1 million purchase price.