A rent-calculation error at the New York City Housing Authority has threatened hundreds of families with eviction. Families whose sole income is public assistance were overcharged between $50 and $200 a month. Some went into debt — borrowing money to pay the extra rent between September and May. Some were taken to Housing Court when [...]
Foreclosures are tapering off in the nation’s largest city after spiking last year, but hundreds of families still saw their homes go to auction in the last month alone, a new report shows. The pain isn’t spread equally. The report from real estate data service PropertyShark.com shows nearly two-thirds of the auctions were in Queens, [...]
A judge has quashed a subpoena from lawmakers seeking a truckload of documents from the New York Yankees about construction and financing of the team’s new Bronx stadium. State Supreme Court Justice John Egan Jr. says the Yankees have already made a good faith effort to comply with the January subpoena from two Assembly committees, [...]
Mayor Michael Bloomberg can now boast of a big victory: The New York City Council has approved his plan to redevelop Coney Island. On Wednesday afternoon, the Council voted overwhelmingly in favor of transforming the Brooklyn beach front into a year-round entertainment complex. Coney Island would get a new amusement park, high-rise hotels, restaurants, retail [...]
The full City Council will vote today on the controversial Coney Island redevelopment proposal. The rezoning plan calls for a new amusement park, high-rise apartment buildings, hotels and restaurants. It’s part of the city’s plan to turn the area into a year-round entertainment complex. Some community groups have criticized the plan, saying it will sanitize [...]
Two City Council committees voted today to approve a controversial plan backed by Mayor Michael Bloomberg to redevelop Coney Island. The zoning committee approved the plan five to one, with Councilman Tony Avella opposed to the project. He was the only one to vote on an amendment to the bill. The council’s land use committee [...]
World Trade Center developer Larry Silverstein has agreed to continue talks to renegotiate a lease at ground zero after meeting with New York Gov. David Paterson. Paterson said Monday “it’s unfair to the taxpayers” to completely finance two towers planned by Silverstein with public money. But he says Silverstein agreed to delay seeking arbitration for [...]
Manhattan office space has hit the sale bin big time, but renters are still holding back. Net effective rents—the average price office tenants pay for space after factoring in concessions such as months of free rent—are down 44% from their peaks in the first quarter of 2008, according to the midyear report released Tuesday morning [...]
Unsold condominiums and unrented apartments are being turned into affordable housing under an experimental city program. City Council Speaker Christine Quinn first proposed the idea, and now she and Mayor Michael Bloomberg say the city is dedicated $20 million to try it out. The city says as many as 400 units of housing could be created [...]
The developer of the World Trade Center site has threatened to go to arbitration to settle a months long impasse to rebuild ground zero. Larry Silverstein says he will go to the arbitrator if he and the Port Authority of New York and New Jersey can’t work out their differences in two weeks. The impasse [...]
