Permits have been filed for a nine-story mixed-use building at 3051 Atlantic Avenue in Cypress Hills, Brooklyn. Located between Shepherd Avenue and Essex Street, the lot is two blocks from the Cleveland Street subway station, serviced by the J train. Barry Wagschal of GW Equities LLC is listed as the owner behind the applications.
When they realized they might be able to afford a co-op in their beloved Manhattan neighborhood, two newlyweds contemplated what they were willing to sacrifice to become homeowners.
When Gov. Kathy Hochul extended the deadline to complete the 2021 Housing and Vacancy Survey, landlords decried the move. They predicted the city would use the extra time — which the state said the pandemic made necessary — to wait for more renters to return, pushing vacancy rates below the 5 percent threshold required to preserve rent stabilization. Looks like the landlords called it. The survey, released this week, revealed a vacancy rate of 4.54
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