Property, Rentals, Transactions

Property, Rentals, Transactions

Flatiron/23rd Street Partnership Celebrates 10 Years of Partnerships at Annual Meeting on June 7th

Partnership Elects New Board Members, Presents Awards to New York City Dept. of Small Business Services, Honors Security Efforts, Unveils Video Focusing on Neighborhood Transformation

Supreme Court Decision Victory for Private Property Owners

Tom Reed issued the following statement in the wake of the recent unanimous Supreme Court ruling in Army Corps of Engineers v. Hawkes Co. Inc. The ruling allows private property owners to appeal how their land is classified by the Corps, and therefore the types of regulations land is subject to, in Federal court

Home Price Growth Expectations Decline, but Consumers’ Outlook on Housing Remains Positive

The Federal Reserve Bank of New York today released results from its February 2016 SCE Housing Survey, which provides information on consumers' housing-related experiences and expectations. The survey shows a modest decline in home price growth expectations. However, the majority of households still view housing as a good financial investment. Mortgage rate expectations have declined since last year’s survey, and renters’ perceived access to mortgages has become easier.

Mangano Helps Homeowners File For Property Tax Relief By Offering July Workshops

As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in July at libraries and community meeting halls throughout Nassau County

NY REALTORS, Senator Little, Assemblymember Ramos push for first-time homebuyer savings program

The New York State Association of REALTORS (NYSAR) was joined by New York State Senator Betty Little (R-Glens Falls) and Assemblymember Phil Ramos (D-Brentwood) on REALTOR Lobby Day in support of the NY First Home legislative proposal designed to assist New Yorkers in their quest to become first-time homeowners. The program would create a new tax-free savings account to help cover costs associated with the purchase of a first home in the state

Sullivan County Accepting Agricultural District Applications

Sullivan County is accepting applications from property owners seeking to be included in New York State Agricultural Districts 1 and 4, for a 30-day window beginning April 1st and ending April 30th. New York State Agricultural Districts are geographic areas that consist predominantly of viable agricultural land. Agricultural operations within the districts are afforded benefits and protections to promote the continuation of farming and the preservation of agricultural land.

City of Utica Homeowner Occupied Rehabilitation Program Funding is Now Available

The HomeOwnership Center (HOC), headquartered in Utica, NY, is now accepting applications for the City of Utica’s Homeowner Occupied Rehabilitation Program. Rehabilitation projects funded under this grant are targeted to be completed during 2016

MAYOR DE BLASIO AND ATTORNEY GENERAL SCHNEIDERMAN: $10 MILLION FROM TAX PROGRAM CRACKDOWN WILL...

Mayor Bill de Blasio and Attorney General Eric T. Schneiderman today announced the initial financing for nearly 600 new affordable apartments across the city, paid for by $10 million in settlements with property owners who violated the law. The new homes will serve formerly homeless New Yorkers, low-income families, veterans, seniors and people with mental health and substance abuse challenges.

New York State housing market stays hot in January

The New York State housing market started the new year on a strong note as closed sales jumped more than 13 percent compared to January 2015 to reach 7,640, according to the housing market report released today by the New York State Association of REALTORS (NYSAR). The January 2016 statewide median sales price remained unchanged compared to a year ago

HPD PUBLISHES LIST OF 250 DISTRESSED PROPERTIES IN THE LATEST ROUND OF HPD’S ALTERNATIVE...

New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been released the new list of residential buildings that have been placed into the agency’s Ninth Round of the Alternative Enforcement Program (AEP). The AEP is aimed at increasing the pressure on the owners of the City’s multifamily residential buildings that have fallen into disrepair, many of which are rent-regulated, to bring the properties up to code so that the residents are not forced to live in substandard and hazardous conditions.

Governor Cuomo Launches Initiative to Return Thousands of New York City Apartments to Rent...

Governor Cuomo announced a major initiative to return up to 50,000 illegally deregulated apartments to rent regulation, restoring rights to thousands of tenants. The owners of the targeted buildings are receiving J-51 tax benefits and claim to be exempt from rent regulation, contrary to the law. Each will be instructed via a letter to re-register their units.

New York State housing market thrives in October

The 2015 New York State housing market growth trend continued into October, reaching the highest level of closed sales for the month in more than 25 years, according to the housing market report released today by the New York State Association of REALTORS. October 2015 closed sales increased nearly 2 percent to reach 11,216.

NYSAR hires Liz Celeone, Esq. as associate counsel

The New York State Association of REALTORS is a not-for-profit trade organization representing more than 50,000 of New York State’s real estate professionals. The term REALTOR is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as members of the National Association of REALTORS.

Two Long Island Men Arrested For Defrauding Homeowners In Loan Modification Scheme

An eleven-count indictment was unsealed today in United States District Court for the Eastern District of New York charging David Gotterup, also known as “David Gott,” and Jason Green with conspiracy to commit mail fraud, wire fraud, and bank fraud in connection with a scheme to defraud homeowners who were attempting to modify their mortgage loans, and related mail fraud counts.

EPA Finalizes Changes to Cleanup Plan at Olean Well Field Site – AVX Property...

The U.S. Environmental Protection Agency has finalized its changes to a cleanup plan originally issued in 1996 to address soil and groundwater at the AVX property at the Olean Well Field Superfund Site in Cattaraugus County, Olean, NY. Soil and groundwater at the AVX property located at 1695 Seneca Avenue are contaminated with volatile organic compounds, which are often found in paint, solvents, aerosol sprays, cleaners, disinfectants, automotive products and dry cleaning fluids

Mayor de Blasio Joins MTA and NY Officials to Mark Opening of 7 Train...

Mayor Bill de Blasio today joined the Metropolitan Transportation Authority, development partners, federal, state and local elected officials to mark the commencement of passenger service on the number 7 Subway extension and the opening of a new station at 34th Street and 11th Avenue to link New Yorkers, workers and visitors to Manhattan’s Far West Side. The extension of the 7 Subway line west from Times Square was funded by a $2.4 billion investment by the City of New York

Real Estate Powerhouses Esther Muller and Faith Hope Consolo Join Forces to Coach, Mentor

Combining the cumulative expertise they have garnered through decades in the residential and commercial real estate industries, respectively, real estate powerhouses Esther Muller and Faith Hope Consolo have formed a strategic alliance to help business newcomers and seasoned veterans take their success to the next level. Together, Muller and Consolo are booking information-packed business-building sessions through the Academy for Coaching and Training (ACT), including speaking engagements, as well as individual mentoring sessions, tailored to the needs of attendees.

B.P. Brewer statement on City Council landmarks legislation

landmarks legislation NEW YORK – Yesterday, Manhattan Borough President Gale A. Brewer offered testimony (PDF) at a hearing of the New York City Council Land Use Committee, raising her deep concerns about the current version of Int. 775. In its current form, the legislation sets up hard deadlines for the Landmarks Preservation Commission’s consideration of items on its calendar, and would ban any and all items not designated within the set time frame from reconsideration for at least five years, regardless of whether a decision was made on the item’s merits. Borough President Brewer issued the following statement after the hearing: “As I testified yesterday, I think Land Use Chairman Greenfield, Landmarks Chairman Koo, and I share a common goal – property owners, residents, and preservationists alike all deserve a more transparent and predictable landmarking process, with real timelines. That said, the current draft of this bill does more harm than good. “I’m encouraged that Chairmen Greenfield and Koo indicated their willingness today to listen and consider changes to the bill. I think we can accomplish our common goal of a better landmarking process without undermining the work of the Landmarks Preservation Commission or dramatically weakening the Landmarks Law. With the input and help of all stakeholders, including real estate, community boards, and our city’s passionate and sophisticated preservation advocates, I think we can come up with effective reforms that make sense. “I offer my thanks and congratulations to the many preservation groups who mobilized to raise concerns about this legislation and made their presence felt at yesterday's hearing, including the New York Landmarks Conservancy, the Historic Districts Council, Landmarks West!, the Greenwich Village Society for Historic Preservation, and Friends of the Upper East Side Historic Districts. In addition, I thank my fellow elected colleagues who submitted testimony, including Assemblymembers Richard Gottfried, Deborah Glick, and Jo Anne Simon.” Brewer identified three key problems in Int. 775 that a good compromise would need to address. These are: • Five-year ban on reconsideration of items. The current draft of Int. 775 would tie the agency’s hands in an unprecedented manner by banning for five years the reconsideration of any individual landmarking item that does not receive a landmark designation within the timeline set by the bill (up to a year for individual landmarks and up to two years for proposed historic districts). • Inflexible, impractically short timelines. The 1- and 2-year time frames are too short to allow for the additional research and negotiation that often are part of finalizing more complex items. Under the framework in the current version of Int. 775, more than a quarter of the city’s historic districts would not have been created, including Mott Haven in the Bronx, Bedford-Stuyvesant in Brooklyn, Hamilton Heights and Mount Morris Park in Manhattan, and Jackson Heights in Queens. • Forcing LPC to clear its entire existing calendar within 18 months. This provision of the bill includes no requirements for public hearings or any public process, and it too applies a five-year ban on reconsideration for any item that is not designated within the time limit. This would interfere with the execution of LPC’s already-announced plan for clearing its backlog, and it virtually guarantees a large number of calendared items would not be considered in a public or transparent manner.

Westwood Financial Corp. Signs Dollar Tree at Albion Shopping Center in New York

Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, has announced the opening of Dollar Tree at its Albion Shopping Center. Located in the Albion Village of western New York, this location marks the sixth Dollar Tree to open at a WFC-owned center

Hunt Mortgage Group Refinances a Cooperative Multifamily Property Located in Flushing, New York

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $6.75 million loan, through the Freddie Mac Co-Op program, to refinance a multifamily property located in Flushing, New York

SCHUMER, GILLIBRAND ANNOUNCE MORE THAN $2.2 MILLION IN FED FUNDING FOR CHAUTAUQUA COUNTY TO...

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced a federal grant of $2,217,833 in Lead Hazard Control funding for Chautauqua County to address lead hazards in 150 housing units. This critical funding will provide necessary resources to spur collaboration between Chautauqua County and local organizations, including the Jamestown and Dunkirk Housing Authorities, in order toreduce the number of lead-poisoned children and protect families by targeting health hazards in homes with significant lead and other home health and safety hazards.

SCHUMER ANNOUNCES: VERIZON WILL LEVEL ABANDONED BUILDING & CLEAN UP PROPERTY IN VILLAGE OF...

U.S. Senator Charles E. Schumer announced today that Verizon will, in response to local concerns regarding a long-abandoned building in the Village of Camillus, level and clean up the property that has become a community eye-sore for the last 20 years. Last week, Schumer visited the Village and urged Verizon to be a good neighbor and clean up this site so it is no longer an eye sore or can one day be used for other purposes

Gebroe-Hammer Associates Reports Jersey City’s Enduring Gentrification is Sustaining Multi-Family Investing

Jersey City, which often draws a close comparison to New York City’s most populous borough, is experiencing yet another wave of multi-family investment demand associated with its Hudson waterfront location and proximity to Manhattan, according to the brokerage professionals at Gebroe-Hammer Associates. Development is moving inland, tenants are migrating from New York City in search of a similar yet less expensive lifestyle and property appreciation is up approximately 7 percent in the past 12 months

DiNapoli: Statewide Foreclosure Activity Still Well Above Prerecession levels

New York state continues to have high levels of foreclosure activity with new foreclosure filings remaining significantly higher than prerecession levels, according to a report released today by State Comptroller Thomas P. DiNapoli

Meridian Capital Group Arranges $10 Million in CMBS Financing for a Best Western Hotel...

The $10 million, 10-year CMBS loan was provided by Rialto Mortgage Finance LLC and features a fixed rate and interest-only payments for the first year. This transaction was negotiated by Meridian Managing Director, Tal Bar-Or, Associate, Beau Williams, and Vice President, Judah Neuman, who are all based in the company’s New York City headquarters

Popular Government & Nonprofit Press Releases

Maloney and Local Officials Slam VA Decision to Cut Funding for...

Representative Sean Patrick Maloney (NY-18) and local officials condemned a decision by the Department of Veterans Affairs to deny an anticipated annual federal investment of over $500,000 to Hudson River Housing. If no action is taken, funding will run out and the program will be terminated after September 30th

Recent Government & Nonprofit Press Releases

Flatiron

Flatiron Partnership Unveils Seventh Annual Flatiron: Where Then Meets Now Report...

The Flatiron/23rd Street Partnership Business Improvement District (BID) today issued the seventh annual Flatiron: Where Then Meets Now report showcasing the significant development and growth of the commercial and residential sectors in the district.