Now that New York legislators have overhauled state rent laws, all eyes are turning to the city board that controls one of the few ways left to permanently increase rents on regulated apartments. The Rent Guidelines Board will vote on Tuesday on whether and how to increase allowable rent hikes on rent stabilized apartments. During a preliminary vote in May, the RGB recommended a .5 to 2.75 percent increase for one-year leases and a 1.5 […]
Renderings courtesy of Citi Habitats New Developments New renderings of 420 Kent Avenue, the Williamsburg waterfront development located just south of the Williamsburg Bridge, offer a first peek at the building’s amenity package as the project enters its final phase of construction. Set to open for leasing in August, residents will have access to more than 25,000 square feet of indoor amenities, in addition to 80,000 square feet of outdoor space—including an outdoor pool and a 400-foot-long waterfront esplanade—and 20,000 square feet of retail space. The development’s public esplanade will link the entire Brooklyn waterfront and is set to officially open […]
Democratic voters in Queens head to the polls today for the first competitive district attorney primary in decades, and the real estate industry is watching closely. In particular, Democratic Socialist candidate Tiffany Cabán’s bid to become Queens DA has many in the industry worried, and Corcoran Group CEO Pamela Liebman sent an email to employees warning of the impact a “far-left” candidate could have on the firm’s business, Crain’s reported, citing a copy of the […]
Recent commercial real estate transactions in New York.
The talented folks behind the hotly anticipated Macy’s Fourth of July live fireworks spectacular happening next Thursday evening have provided a detailed guide to the prime Manhattan spots for watching the night sky light up. Read on to get the scoop on official viewing points–and some unofficial favorites–and use the interactive map to make sure you’re in the right place when the pyrotechnics start at the Brooklyn Bridge. The map includes subway information and directions and specifies which areas are handicapped accessible. This year’s patriotic light show will be launched from four barges stationed along the East River between Broad Street and the Brooklyn Bridge. You can locate entry points […]