Brokerages may show properties, under regulation, as part of Phase 2 reopening. On June 22, 2020, New York City officially entered Phase 2 of the State’s COVID-19 reopening plan. In addition to the opening of in-person retail and sidewalk seating for restaurants, the real estate industry was a key industry permitted to reopen. This applies to residential property management companies, real estate brokers, building inspectors, appraisers and related building operators.
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UPDATED: Construction Shutdown: Preserving Land Use Approvals
Governor Andrew Cuomo’s executive orders issued in response to the COVID-19 public health emergency halted non-essential construction throughout the City of New York. Many of the halted construction projects enjoyed land use approvals granted by City agencies, and the Governor’s orders did not toll the expiration dates of these approvals. (Update:) Subsequent to the construction shutdown, Mayor Bill de Blasio on April 29, 2020 issued an emergency executive order tolling the expiration dates … <Read More>
City Planning Holds Hearing on Nine-Story Mixed-Use Building in Bensonhurst
The applicants propose to bring eleven affordable housing units under the City’s Workforce Option to Bensonhurst. On March 4, 2020, the City Planning Commission held a public hearing on an application to rezone part of a low-density residential zoning district in Bensonhurst, Brooklyn. The applicant, SUW 4 LLC, proposes to rezone the northwest corner of 60th Street and Bay Parkway, which is a 10,108 square foot vacant lot. Under the current zoning, only three- to … <Read More>
City Planning Holds Hearing on Transfer of Development Rights from Landmarked East Village Building
Community questions benefits received and context of development. On March 4, 2020, the City Planning Commission heard an application by Real Estate Equities Corporation for a special permit to transfer development rights from a landmarked site and construct a ten-story commercial building in the East Village neighborhood of Manhattan. The development site is located at 3 St. Marks Place, on the northeast corner of Third Avenue and St. Marks Place and is currently vacant. The … <Read More>
Second Circuit Upholds Ruling that Loft Tenants Have Property Rights in Bankruptcy Proceedings
Loft Law prevents using bankruptcy as a tool to circumvent housing law. In 2002, Bridge Associates of Soho, Inc. (“Bridge Associates”) acquired 99 Vandam Street in the SoHo neighborhood of Manhattan. 99 Vandam is a seven-story residential loft building that has been governed by Article 7-C of the New York Multiple Dwelling Law (“Loft Law”) since approximately 1991. Loft Law governs the conversion of manufacturing and commercial use buildings to residential use buildings. The law … <Read More>
City’s Airbnb Law Upheld
Broadway Hotel sued New York City claiming the Airbnb law was unconstitutional. The City served a summons on the Broadway Hotel on the Upper West Side of Manhattan for illegal transient occupancy. The New York City Airbnb law prohibited a class A dwelling from renting out rooms on a temporary basis. The City alleged that the Hotel was a Class A dwelling and was therefore prohibited from renting out rooms on a temporary basis for … <Read More>