Monthly Archives: July 2012

The City Department of Finance today issued new rules for filing Income and Expense Reports that will add requirements for unsold co-op and condo income but may eliminate some annual rent roll reporting. http://www.nyc.gov/html/dof/html/pdf/final%20rules/filing_income_expense_statements2012.pdf  

Transitional increases in property taxes and modest rising values are projected to add $2.3 billion in New York City Real Property taxes between the fiscal year ending last month and FY 2016 according to the City financial plan. And, an … Continue reading →

The City Council is gearing up to pass costly new wage reporting requirements next week for all contactors and subcontractors building subsidized housing. Mayor Bloomberg has threatened to veto the bill but, in a harbinger of post-Bloomberg administrations, an override … Continue reading →

The biggest short term news is about something smaller and the biggest long term news is about something bigger–300 sq. ft. apartments and midtown office towers. Currently, the smallest legal size for an apartment is 400 sq. ft.. The City … Continue reading →

The City Economic Development Corporation and two Queens local development corporations this week admitted illegally lobbying the City Council to win approval of the Willets Point redevelopment plan.  In a settlement with the State Attorney General the local groups promised … Continue reading →