A long-standing feature of American tax policy is the exemption granted to nonprofit organizations, the largest of which is the exemption from local property taxes. The exemption, with origins back to the 18th century, is widespread. Among the 50 states, 17 state constitutions mandate property tax exemptions for charitable organizations, 25 authorize the legislature to give exemptions, and eight do not address the issue. New York State establishes two classes of exemptions for nonprofits: … <Read More>
Search Results for: Upper West Side, Manhattan
City Council Holds Oversight Hearing on Short-Term Rentals
Eight-hour hearing covered testimony from supporters and opponents of short-term rental businesses. On January 20, 2015, the City Council Committee on Housing and Buildings held an oversight hearing on the effects of short-term rentals on New York City’s economy and neighborhoods. Over the course of eight hours, the committee heard testimony from independent tenants, representatives from the Mayor’s Office of Special Enforcement, the home-sharing website Airbnb, owners of local bed-and-breakfasts, and members of … <Read More>
CPC Hears Special Permit Request for New Through-Block Building
Commissioners focused on the building’s sustainability and the proposed parking garage. On January 7, 2015 the City Planning Commission held a public hearing on applications for two special permits for a proposed building at 7 West 21st Street in the Ladies’ Mile Historic District of Manhattan. The proposed building is 185 feet tall, with ground-floor retail and residential units on the upper floors. The permits would allow a waiver of the 150-foot setback requirement and … <Read More>
Special Permit Granted To Enlarge Building in Historic District
BSA found the proposed expansion would not alter the neighborhood character or interfere with any pending public improvements. On December 9, 2014 the Board of Standards and Appeals voted to grant the applicant, Galt Group Holdings, a special permit to extend the rear portion of an existing building as part of the building’s conversion into a single-family home. The building is located at 127 East 71st Street in Manhattan’s Upper East Side Historic District, … <Read More>
Variance Granted To Enlarge Private School
Columbia Grammar and Preparatory permitted to establish new building for a middle-school program over community opposition. On October 7, 2014 the Board of Standards and Appeals voted to grant a variance to Columbia Grammar and Preparatory School for the enlargement of an existing school building. The building is located at 5 West 93rd Street in Manhattan’s Upper West Side/Central Park West Historic District, between Central Park West to the west and Columbus Avenue to … <Read More>
CUNY Forum Focuses On Affordable Housing Issues
Elected officials and real estate professionals debate solutions and strategies to City’s affordable housing shortage. On October 1st, 2014 the City University of New York’s CUNY Forum series held a panel discussion titled “Affordable Housing and Social Justice in NYC”. The panel featured Manhattan Borough President Gale Brewer, Vishaan Chakrabarti of SHoP Architects and Associate Professor at Columbia University, Real Estate Board of New York President Steven Spinola, and Council Member Jumaane D. Williams. The … <Read More>