Buildings denied permit after deciding high-rise building would not comply with State law. In 1999, the Department of Housing Preservation and Development designated a five-story townhouse at 330 West 86th Street as an Urban Development Action Area Project (UDAAP). HPD then sold the property through its Asset Sale Program to the building’s tenants. Two years later, Robert Ricciardelli purchased the property with the intention of demolishing the townhouse and building a high-rise apartment building … <Read More>
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Deed restriction fuels more litigation
Developer sought to extinguish deed restriction on Upper West Side property. The City, through the Department of Housing Preservation and Development’s Asset Sales Program, sold 330 West 86th Street in Manhattan to the building’s tenants. Because the property had been designated as an Urban Development Action Area Project, the deed stated that the tenants could only rehabilitate or conserve the existing dwellings, or construct new dwellings permitted by existing zoning laws. The deed also required … <Read More>
City’s approval ruled not binding on future owners
- Five-story row house at 330 West 86th Street to be demolished. Photo: Kevin Schultz.
Restrictions in deed and Council’s approval do not restrict future owners. The City foreclosed on a deteriorated five-story row house at 330 West 86th Street between West End Avenue and Riverside Drive. The City, through HPD, sought to designate the lot as a UDAAP, an Urban Development Action Area Project, to allow for a quick sale without an auction or bidding … <Read More>