Regal Hotels chain appealed a determination that it owed transfer taxes in connection with its UN Plaza Hotel deal. In 1997 the City, the United Nations Development Corporation, and the New York City Economic Development Corporation put out a bid for proposals to purchase and operate the United Nations Plaza Hotel, currently the Millennium UN Plaza Hotel, situated within two adjacent buildings. The 39-story first tower, known as One UN Plaza and located at 787 … <Read More>
Search Results for: Property Tax
Owner Faulted on Luxury Decontrol of East Village Apartment
East Village landlord improperly deregulated luxury apartment while receiving a City J-51 tax benefit. Until 1999, apartment 5M at 187 East 4th Street in Manhattan’s East Village was a rent-stabilized unit with a rent of $1,464 per month. When the apartment became vacant the owner, 72A Realty Associates L.P., installed new windows, closets, cabinets, countertops and other improvements totaling over $18,000 in costs. Based on the improvements, the owner obtained a J-51 real property tax … <Read More>
Local Law to preserve housing preempted
Affordable housing programs controlled by federal and state law. After multiple hearings on the declining number of affordable housing units, the City Council passed Local Law 79 of 2005 over a mayoral veto. The law gave tenants the right of first refusal to purchase their buildings when the owners sought to remove the properties from certain assisted rental housing programs. The law also allowed tenants who did not purchase their building to stay in their … <Read More>
Challenge to Denial of Hardship Application Fails on Appeal
Developer claimed that Commissioners irrationally and prejudicially analyzed hardship application, and that designation amounted to an unconstitutional taking. In 1990, Landmarks designated the City and Suburban Homes Company, First Avenue Estate an individual City landmark. The block-sized development is bounded East 64th and 65th Streets and York and First Avenues. Built between 1819 and 1915, it was constructed to provide high-quality housing to low-income New Yorkers in an alternative to crowded, poorly ventilated tenement buildings. … <Read More>
Central Park West tenants win rent case
Owner claimed that federal law pre-empted Central Park West building from rent stabilization. In 1969, Jacob Haberman purchased nine separate tenement buildings at 431–439 Central Park West in Manhattan. Haberman took out a loan from the Federal Housing Administration in order to rehabilitate and combine the tenements into a single apartment building containing 120 units. In 1980, Haberman received a subsidy grant from the U.S. Department of Housing and Urban Development, and contracted with HUD … <Read More>
City wins adverse possession dispute
Department of Sanitation parked trucks on lot for more than ten years. In 1948, Vertley Clanton and her husband acquired a lot located at 1716 Pacific Street in the Utica area of Brooklyn, between Schenectady and Utica Avenues. Clanton’s property was across the street from a garage owned by New York City Department of Sanitation and surrounded by City-owned lots. Clanton lived in Manhattan for some time before eventually moving out of state. Clayton did … <Read More>