Schneiderman announces settlement with New York City landlord accused of harassing rent-stabilized tenants. On May 4, 2017, New York State Attorney General Eric. T. Schneiderman announced that a settlement had been reached between the State and several companies controlled by Sassan “Sami” Mahfar and Sina Mahfar. The companies owned four residential buildings on Manhattan’s Lower East Side—22 Spring Street, 102 Norfold Street, 113 Stanton Street, and 210 Rivington Street. The Attorney General alleged that the … <Read More>
Search Results for: Legislation
City Council Holds Hearing on Hotel-to-Condo Conversion Moratorium [UPDATE: CITY COUNCIL APPROVES EXTENSION]
UPDATE: On May 10, 2017, the City Council voted 45-4 to approve the extension of the moratorium on hotel-to-condo conversions within the Borough of Manhattan. Council Members Daniel Garodnick, David Greenfield, Steven Matteo, and Paul Vallone all voted in the negative. The Committee on Housing and Buildings previously voted 11-0 on May 8, 2017. The bill will now go to the Mayor’s desk for his signature.
City Council Committee heard testimony in considering an extension … <Read More>
Council Committee Approves Six of Twenty-one Construction Safety Bills
Housing Committee approves six pieces of legislation from package of 21 bills on construction safety, more to follow including apprenticeship bill. On April 24, 2017, the City Council’s Committee on Housing and Buildings approved six bills from a package of 21 on which the Committee heard testimony on January 3st. For CityLand’s prior coverage of that hearing, click here. Chair of the Committee, Jumaane Williams, noted that the Committee planned on approving some … <Read More>
Schneiderman Announces Indictment of NYC Landlord in $5 Million Mortgage Fraud Scheme
A New York City landlord was indicted for mortgage fraud scheme in Lower Manhattan, stemming from tenant harassment investigation. On April 6, 2017, New York State Attorney General Eric T. Schneiderman announced the indictment of Dean Galasso, a New York City landlord. Galasso was indicted on six felony charges in relation to an alleged scheme to fraudulently obtain a multi-million-dollar mortgage to finance the acquisition of a rental building. Galasso faces one count of Grand … <Read More>
City Council Approves the Creation of New Dorp BID
City Council votes to create the City’s latest Business Improvement District on Staten Island. On April 5, 2017, the City Council voted 50-0 to approve the Department of Small Business Services’ application to create the New Dorp Business Improvement District for Staten Island’s New Dorp neighborhood. The BID will consist of properties along New Dorp Lane and adjacent commercial streets between Hylan Boulevard and Richmond Road. The proposed BID contains 146 properties and 180 businesses, … <Read More>
Tenant Harassment Bills Package to be Considered by Committee
City Council Committee to hear testimony on a package of bills intended to strengthen protections for tenants subject to harassment by landlords. Since the mid-2000s and largely due to the housing bubble, predatory equity has become a metastasis on the New York City housing market. The expulsion of both rent stabilized and market-rate tenants is accomplished through means both legal, by abusing technical loopholes in State law, and illegal, by dangerous living conditions and intimidation.