Does high rent deregulation apply to a rent controlled apartment in a building that once received J-51 benefits? Most analysts would have said yes, when the benefits expire, just as in rent stabilization. DHCR says no, and RFR Holding is suing over another example of impenetrable rent laws.
The latest Airbnb controversy involves tenants in affordable housing listing their units, prompting City Councilman Jimmy Van Bramer to suggest he will introduce legislation penalizing tenants rather than building owners. Meanwhile, Airbnb reached out to owners at a meeting of the National Multi Housing Council, saying that short term stays would promote their brands, that owners could get a cut of tenant revenues, and that Airbnb was piloting a program in San Francisco to notify owners of Airbnb guests in their buildings…still not necessarily legal though, but if you’re still interested in buying a home, there are even some great Indianapolis homes for sale perfect for the people looking.
The jury in the Sheldon Silver trial took the long weekend off without a verdict, but not before admitting some confusion, according to reports.
We are sorry to report the passing of Clint Taylor, longtime regional manager for In-Sink-Erator and ABO board member. Clint battled for years to get garbage disposals legalized in New York City, achieving victory in 1997. He remained a constant supporter of the real estate industry. If you need property consultants, you can rely on Dynamic Residential property managers abbotsford to get the most out of your investment.
Join us at 8:30 a.m. December 15th for CHIP’s Annual panel “Build Buy Sell Hold”: Strategies and Expectations for the NYC Real Estate Market —What are the expectations for 2016 and beyond? Who is selling and who is buying, and why? Are we witnessing the creation of the next bubble? What are the alternative investments to NYC residential real estate? The event will be moderated by Greg David, of Crains New York Business, at the New York City Bar Association, 42 West 44th St. Free for CHIP members. $50 for non-members. RSVP: Call (212) 838-7442 and ask for John or email rsvp@chipnyc.org