City Tax Appeals Tribunal determined transfer was not eligible for special reduced rate. One Park Avenue Mezz Partners LLC, a subsidiary of industry giant Vornado Realty Trust, held a 100 percent equity interest in a commercial building located at One Park Avenue in Manhattan. In March 2011, while looking to refinance the building, Vornado had that equity interest transferred in full to two new subsidiary real estate investment trusts. The compensation was roughly $5.6 million … <Read More>
Search Results for: New York Law School
Tenant Wins Support Dog Claim
NYCHA put the tenant on probation after the tenant’s dog attacked the NYCHA employee. In April 2015, Lerone Washington’s English bulldog, Onyx, jumped and bit NYCHA’s employee who was delivering a hotplate to Washington’s apartment. A few weeks later NYCHA informed Washington that it considered terminating Washinton’s lease due to his having an unauthorized and dangerous dog in the apartment. Although Washington attempted to register Onyx as a service pet, NYCHA ordered Washington to remove … <Read More>
City Planning Hears Application for Major Development Across the Street from Essex Crossing
New development on Lower East Side set to transform the entire Broome Street corridor. On December 4, 2019, the City Planning Commission heard an application by Go Broome LLC and the Chinatown Planning Council HDFC to rezone and develop a large-scale, mixed-use development on the Lower East Side. The proposed development includes mixed-income housing, affordable senior housing, program and office space for the Chinese American Planning Council, congregation space for the landmarked Beth Hamedrash Hagodol … <Read More>
City Planning Announces Updates to Zap Tool
City Planning continues to improve online platforms to involve and inform community. On December 17, 2019, the Department of City Planning announced two updates to the Zoning Application Portal (“ZAP”). The first update will allow Community Boards, Borough Presidents and Borough Boards to digitally calendar public hearings for land use items. The second update permits Community Boards and Borough Presidents to instantaneously upload their recommendations to the online portal. These two features are intended to … <Read More>
City Planning Hears Application for Residential Development with a 250 Seat Theater in Astoria
The proposed zoning actions seek not only to facilitate the development but also bring block’s current uses in conformance. On December 4, 2019, the City Planning Commission heard an application by Mega LLC and the Pancyprian Association of American to rezone and redevelop an entire block in Astoria, Queens. The applicants proposed two eight-story buildings connected at the ground floor level with a green space between the buildings. The development includes affordable housing components and … <Read More>
City-owned Parcel Ruled Not Parkland
City-owned land was used as an unlicensed community garden. The City of New York owns a parcel of real property at 3052 West 21st Street along the Coney Island Boardwalk. Between 1997 and 2004 the City licensed the site as community garden under the City’s “Green Thumb” program. In 1999 the City terminated the garden’s license in order to develop the site into a parking lot for a minor league baseball stadium. The City … <Read More>