On January 3, 2024, the City Planning Commission voted to approve the Timbale Terrace project, a mixed-use 100 percent affordable building at 101 East 118th Street in East Harlem. The building will replace a parking lot for the New York Police Department’s 25th Precinct.
Search Results for: Audit Report
Buildings Launches 90-Day “Adams Commission,” New Service Centers
On September 14, 2022, Mayor Eric Adams and Buildings Commissioner Eric A. Ulrich announced two initiatives to refocus the Department of Buildings on providing improved customer service and supporting economic recovery.
HPD Announces Settlement with Building Owner to Fix Lead Paint Violations at Four Buildings in the Bronx and Queens
The four impacted buildings have over 200 households. On August 19, 2021, the Department of Housing Preservation and Development announced a settlement agreement with a building owner for the correction of lead-based paint violations across four buildings in the Bronx and Queens. The four buildings are 1585 White Plains Road and 58 East 190th Street in the Bronx, and 90-60 179th Place and 150-02 88th Avenue in Queens. The building owner, Ved Parkash, will be … <Read More>
Landmarks Holds Hearing on Upper West Side Church Adaptation
Upper West Side community weary on rooftop addition and removal of stained glass windows. On March 3, 2020, the Landmarks Preservation Commission heard an application by the Children’s Museum of Manhattan for a Certificate of Appropriateness regarding 361 Central Park West, a Beaux Arts classical style church overlooking Central Park. The building is located on the northwest corner of Central Park West and 96th Street in Manhattan. Approval of the application would permit adaptive … <Read More>
Comptroller Stringer Releases Plan to Address City’s Affordable Housing Problems
Universal Affordable Housing would require 25 percent permanently low-income affordable housing in all new development with ten or more units. On January 29, 2020, New York City Comptroller Scott M. Stringer announced a citywide housing strategy to fundamentally realign the City’s approach to the housing crisis. The strategy, coined Housing We Need, will include a universal requirement for 25 percent permanently low-income affordable housing in all as-of-right developments with at least ten units.
Realty Trust Must Pay Higher Tax Rate
City Tax Appeals Tribunal determined transfer was not eligible for special reduced rate. One Park Avenue Mezz Partners LLC, a subsidiary of industry giant Vornado Realty Trust, held a 100 percent equity interest in a commercial building located at One Park Avenue in Manhattan. In March 2011, while looking to refinance the building, Vornado had that equity interest transferred in full to two new subsidiary real estate investment trusts. The compensation was roughly $5.6 million … <Read More>