New cooperative building will give first time home buyers affordable opportunity to own their home. On February 28, 2018, the Department of Housing Preservation & Development (HPD) announced plans to develop a 100 percent affordable seven-story co-op building in the Williamsbridge section of the Bronx. The building, named Sydney House, is the first affordable housing development to be financed under the HPD’s Open Door program.
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Schneiderman Announces $500,000 Settlement with Harassing Management Company
Schneiderman announces settlement with New York City landlord accused of harassing rent-stabilized tenants across two boroughs. On September 27, 2017, New York State Attorney General Eric. T. Schneiderman announced that a settlement had been reached between the State and ICON Realty Management. ICON owns several rent-regulated buildings in the East Village, the Lower East Side, and Brooklyn. The Attorney General alleged that ICON had engaged in illegal methods to harass rent-regulated tenants, including dangerous construction … <Read More>
Court of Appeals Blocks Willets Point Development
Legislative approval would be needed in order to build retail stores, restaurants and a movie theater on Willets West parkland. The Special Willets Point District was approved by the City Council in 2008. The rezoning was controversial; area businesses and residents were concerned over the relocation of businesses, the possibility of eminent domain, and traffic congestion. As a result, a lawsuit was filed against the City by business owners and residents but was dismissed … <Read More>
Schneiderman Announces Guilty Verdict Against Harassing Brooklyn Landlord
Schneiderman announces guilty verdict for Brooklyn landlord who harassed rent-stabilized tenants. On June 20, 2017, New York State Attorney General Eric T. Schneiderman announced the guilty verdict of Brooklyn landlord Daniel Melamed on three counts of Unlawful Eviction of rent-stabilized tenants. Melamed is scheduled to be sentenced on September 13, 2017 and could face up to one year in jail.
Attorney General Reaches $225,000 Settlement with Harassing Landlords
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>
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>