Landlord classified rental apartments as being destabilized and charged tenants market rate rents despite receiving J-51 tax benefits. London Terrace Gardens, located along West 23rd Street in Manhattan and built in 1930, occupies an entire block and has 1700 apartments. After the enactment of the Rent Regulation Reform Act of 1993, London Terrace Gardens began deregulating rent-stabilized apartments through high-rent vacancy decontrol. London Terrace Gardens subsequently received J-51 tax abatement and exemption benefits after … <Read More>
Alternate Side Parking Reform for NYC
The new regulations will remain in effect throughout the summer. On June 23, 2020, Mayor Bill de Blasio and Sanitation Commissioner Kathryn Garcia announced that Alternate Side Parking (ASP) street cleanings will be reduced from two days a week to no more than once per week, per side, starting on Monday, June 29.
UPDATED: City to Implement Up to 100 Miles of Safe Streets
The plan will aim to add 100 miles of open streets, widened sidewalks and protected bike lanes. Note: This article has been updated to continuously reflect the added streets as those announcements are made. Please continue to check back for further updates.
On April 27, 2020, the Mayor’s Office announced a plan along with Council Speaker Corey Johnson to implement street closures, sidewalk widening, and the addition of bike lanes as part of the City’s … <Read More>
City Announces Illegal Fireworks Task Force and July 4th Fireworks Celebrations
The Macy’s Fireworks announcement comes on the same day as the creation of an illegal fireworks task force. On June 23, 2020, Mayor de Blasio established a task force to investigate illegal fireworks sales following a large increase in complaints about the increase of illegal firework use across the City. All types of consumer fireworks are prohibited in New York City.
City Beaches to Reopen July 1
Visitors are still encouraged to maintain social distancing measures on beaches. On June 24, Mayor Bill de Blasio announced that New York City’s 8 public beaches will reopen for swimming starting on July 1, with social distancing precautions still in place. Lifeguards will be on duty every day from 10:00 am until 6:00 pm, but the Mayor reminds the public that swimming is strictly prohibited when lifeguards are not present.
City Council Intends to Aid Property Owners with Two Tax Deferment Bills
Public Hearing hinges on interest rates and how property tax deferments affect the City budget. On June 18, 2020, the City Council officially introduced two bills that would defer July 1, 2020, property tax liabilities for COVID-19 impacted property owners. One bill addresses the tax liabilities of primary residences and the other addresses the tax liabilities of businesses affected by the pandemic. The bills were originally heard as preconsidered bills at the June 10, 2020, … <Read More>