State primaries on Thursday could offer a view into what may happen in the November elections. We’ll be watching and will report to you.
Zephyr Teachout, endorsed for Attorney General by the New York Times this week, has expressly called for targeting the real estate industry.
More than $1.5 billion in Buildings and Sanitation fines are unpaid, according to a report this week, not counting $500,000 just levied on the Kushner Companies for failing to check the box that they had stabilized or controlled tenants on building permit applications.
Another $285,000 in fines was just levied on building owners accused of illegal short-term rentals through Airbnb, although the largest amounts seem to be against an SRO disputing whether its use is illegal and a single-family homeowner.
DHCR updated five fact sheets concerning new leases and renewals on its website Thursday, including:
- Fact Sheet #5: Vacancy Leases in Rent Stabilized Apartments – [ PDF ]
- Fact Sheet #26: Guide to Rent Increases for Rent Stabilized Apartments in New York City – [ PDF]
- Fact Sheet #31: Guide to Rent Increases for Rent Stabilized Apartments in Nassau County – [ PDF]
- Fact Sheet #31a: Guide to Rent Increases for Rent Stabilized Apartments in Rockland County – [ PDF]
- Fact Sheet #31b: Guide to Rent Increases for Rent Stabilized Apartments in Westchester County – [ PDF]
Westbury, on Long Island, has begun the process to rezone 25 acres near the LIRR station for transit oriented development.
A Westchester single-family home development is suing the State for permission to convert to condominium status solely to get its property taxes reduced. The case has wider implications for the taxation of apartment buildings, as it fuels arguments by legislators who have already proposed eliminating the assessment of coops and condos as if they were rentals.