Monthly Archives: June 2011

We weren’t going to comment on the behind the scene maneuvering on extending rent regulation in Albany today.  A deal will be made by the end of the week or so, and anything we reported before then would just be … Continue reading →

State Senate Republicans have proposed legislation to extend rent regulations from Wednesday, June 15th to Friday, the 17th while they negotiate end of session deals on a tax cap bill, ethics, redistricting, etc.

State Comptroller Thomas DiNapoli issued a “report” this week on the ‘loss” of 10,000 regulated units in 2009. Glad to see he spent State funds summarizing last week’s Rent Guidelines Board report, although at least the Rent Guidelines Board noted … Continue reading →

Jon Bon Jovi wants to sell his SoHo loft for $30 million, according the New York Post, but not a lot of artists can afford that and technically most of the lofts in SoHO and NoHo were converted from commercial … Continue reading →

Mayor Bloomberg is objecting to a State Senate Bill that would extend 421-a tax benefits for four years and cap taxes at 20% of rental income for 30 years after 421-a benefits expire, if the owner agrees to keep 20% … Continue reading →

Rent regulated buildings need extra help to stop burning dirty #4 and #6 oil, but shouldn’t be allowed to raise rents to pay for the work, according to Manhattan Borough President Scott Stringer. Stringer released a report today concluding that … Continue reading →

Despite all the hullabaloo about the city ‘losing’ rent stabilized apartments, it’s pretty clear that the number actually increased in 2010. The Rent Guidelines Board last week issued an analysis that found “a minimum net estimated loss of 4,560 rent … Continue reading →

ABO is launching a Building Showcase on our website at ABOGNY.com. Members can list their properties free, and we will soon begin a press campaign highlighting the Showcase as the place for renters and buyers to find quality projects from … Continue reading →

If you own property within walking distance of the East River from Hunters Point south to the Brooklyn Bridge, be sure to let residents and prospective residents know about the nearby stops on the new ferry service starting June 13th.