Author Archives: abogny

New York City, Tuesday, published the first “Speculation Watch List“identifying buildings purchased for less than the median cap rate of all apartment building transactions in each borough. Buildings on the watch list will be subjected to increased inspections and scrutiny to … Continue reading →

Even the de Blasio administration had qualms about proposed commercial rent control legislation at a hearing Monday, but Council Speaker Corey Johnson implied the bill could pass after amendments to exclude larger tenants. The IRS issued proposed rules for new … Continue reading →

The federal judge hearing claims about the New York City Housing Authority’s failure to comply with lead paint rules was not amused by City defense arguments that the condition of the apartments is so poor that tenants must have known … Continue reading →

Two Housing Rights Initiative suits against property owners, both involving deregulation of units in buildings with J-51 benefits, were granted class action status by judges in Manhattan and the Bronx. These are the first cases of more than 40 initiated by HRI … Continue reading →

New York’s City Health and Housing Commissioners gave strong lip service support to the Council’s package of lead poisoning prevention bills at a hearing last week, but the written testimony suggests that virtually all the bills need amendment and some … Continue reading →

Air conditioner charges in rent stabilized and rent controlled apartments with electricity included in the rent will increase to $26.42 per month effective Monday, October 1st. If you have an HVAC repaired and maintained by a heating and cooling service … Continue reading →

The New York City Council holds hearings Tuesday on a package of lead bills, opposed by CHIP and ABO, that would require property owners to abate all apartments on turnover (as opposed to current interim controls), test and abate soil … Continue reading →

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 … Continue reading →

Rent Stabilized and market rent housing quality has been steadily improving, but public housing not so much, according to an analysis of 2017 Housing and Vacancy Survey data by the Citizens Budget Commission. Democrat Assemblyman Brian Barnwell and Senator Michael … Continue reading →

Democrat Gubernatorial hopeful Cynthia Nixon and Lieutenant Governor candidate Jumaane Williams called for universal rent control this week, but had trouble defining it. Tenant groups statewide are making the slogan a rallying cry. Anita Laremont was appointed Executive Director of … Continue reading →