The report found that the pervasive use of Airbnb in New York City is likely the indirect causation of incredibly low residential vacancy rates and rising rental rates. In June of 2016, housing advocacy groups Housing Conservation Coordinators and MFY Legal Service jointly issued a study on the impact Airbnb and similar short-term rental-facilitating platforms have on the traditional housing market in New York City. While there are several companies connecting short-term rental apartments with … <Read More>
Search Results for: Williamsburg, Brooklyn
Council Land Use Subcommittee Hears Testimony on Proposal for New Willamsburg Mixed-Use Manufacturing Building
The new building would bring manufacturing-based jobs to an industrial district, which has shifted focus to nightlife-oriented buildings and activities in the past few decades. On June 14, 2016, the City Council Subcommittee on Zoning and Franchises held a public hearing on an application for a zoning text amendment to allow for industrial space to be built in an area zoned for community space and for a special permit to amend off-street parking requirements to … <Read More>
1066-Foot Tower will Abut Landmarked Bank Building
Designated bank lobby will be converted to retail space, while new tower will accommodate residential use. On April 19, 2016, the Landmarks Preservation Commission voted to approve work impacting the individually designated Dime Savings Bank, as well as its lobby, an interior Landmark. The site lies at 9 Dekalb Avenue in Downtown Brooklyn, on an irregularly shaped block bounded by Dekalb and Flatbush Avenues and Fulton Street. The proposed tower will displace the Williamsburgh … <Read More>
City Developer Denied Tax Abatement
Court found that application was not filed within the statutory time period of one year. On January 27, 2016, the New York State Supreme Court denied a Brooklyn developer’s petition to reverse a Department of Finance decision to not grant a tax abatement. The Developer, 96 Wythe Acquisitions, filed the petition after the Department of Finance denied the application for the tax abatement because it was not filed within the mandatory one-year requirement. 96 Wythe … <Read More>
Thirty of 95 backlogged items prioritized for 2016 designation votes
Some items will be removed from calendar due to political reality that designations will not be ratified by Council; others are found to be adequately protected so as to not require prioritization; others to lack significance that would merit immediate designation. On February 23, 2016, Landmarks made determinations on the disposition of 95 items added to Landmarks’ calendar before 2010, but never subjected to a vote on designation. In 2015 the commission had announced … <Read More>
Comptroller Releases Report Critical of East New York Rezoning Plan
The report predicts that almost 50,000 residents of the affected Brooklyn neighborhoods would be priced out of neighborhood. On December 3, 2015, Comptroller Scott M. Stringer issued a report—Mandatory Inclusionary Housing and the East New York Rezoning: An Analysis—on the proposed East New York rezoning plan’s effect on housing affordability in the East New York and Cypress Hills neighborhoods of Brooklyn. The report claims while supply of housing units in the rezoned areas … <Read More>