Air Rights - Generating Value for Unit Owners & Buildings Seminar - The Cooperator Expo New York

By Cooperator Studio 4 June 2018 Seminars

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Chelsea Condo Owners Halt Tower Project by Paying $11M

They Bought the Air Rights to Protect Their Views

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News

3/3/2021 Extell Nabs $146M Condo Inventory Loan for The Kent in Manhattan—Commercial Observer

Global investment firm GTIS Partners has provided a $146 million condominium inventory loan to a partnership between Extell Development and CL Investment Group for nearly half of the 104 residences comprising The Kent in the Upper East Side, Commercial Observer has learned.
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3/3/2021 Lawsuit challenges New York eviction ban’s constitutionality—The Real Deal

Five small landlords have sued New York attorney general Letitia James, arguing that the new blanket moratorium on evictions is unconstitutional.
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3/3/2021 Instead of a Balcony, How About a Garden Apartment?—The New York Times

Pandemics and potential health threats posed by living in close quarters have long had an impact on the way homes have been built.
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3/3/2021 In-house experts are new luxury tower perks: From fly fishing to feng shui—NY Post

Erica Feidner, 56, a former concert pianist and salesperson for Steinway, loves hanging out in the wine tasting room, lounging in the library or even attempting a bit of yoga in the studio at her building at 21 West End on the Upper West Side.
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3/3/2021 City Finances 30,000 Affordable Homes in 2020—CityLand

The newly financed homes keep New York City on track to meet its goal to provide 300,000 affordable homes by 2026.
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3/3/2021 Who’s Falling Behind On Taxes In Brooklyn?—Bklyner.

Hotels, parking garages, condos, walk-up apartment buildings – everywhere you look, Brooklyn property owners are behind on paying their property taxes, way above the city average, with no relief in sight.
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2/25/2021 Finally, almost move-in day at East Hampton Town's first affordable condos—Newsday

Residents of East Hampton Town’s first affordable housing condominium complex are finally expected to move in this weekend following nearly 15 months of delays tied to air-quality concerns.
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2/24/2021 Owners $1.3B behind on property tax payments—Real Estate Weekly

City Comptroller Scott Stringer today reported that, as of February, $1.3 billion in real estate tax payments were overdue – equal to 4.5% of the total $29.6 billion due.
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2/24/2021 April Tyler, Tenacious Harlem Housing Advocate, Dies At 60—Patch.com

April Tyler, a prominent activist in West Harlem who fought for affordable housing as a district leader and community board member, died suddenly this week at the age of 60.
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2/24/2021 It’s Time To Fix the Co-Op Problem—Law.com

Governor Cuomo signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (L. 2020, c. 381; COVID Relief Act) on Dec. 28, 2020 providing needed and welcome, albeit temporary, housing security for many vulnerable New Yorkers as the State recovers from a continuing health pandemic.
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2/24/2021 Exclusive: Introducing Greenwich West, New York City’s First Tower Built By A French Female Architect—Forbes

Classic Parisian style has landed in New York City’s Hudson Square neighborhood, adjacent to SoHo and Tribeca.
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2/24/2021 DeNardo Bankruptcy Staves Off UCC Foreclosure on Westchester Condo Development—Commercial Observer

A virtual uniform commercial code (UCC) foreclosure auction that was scheduled to take place today on a luxury condominium development site in Westchester County has been staved off by a Chapter 11 bankruptcy filing by the developer, Commercial Observer has learned.
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2/24/2021 See the new Long Island City condo tower anchored by Trader Joe’s—6sqft

A new condo building in Long Island City is offering buyers a rare amenity in New York: private outdoor space.
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2/23/2021 Appeals Court Focuses on Meaning of Four-Letter Word to Block Suit Against Two Bridges Development Plan—The Broadsheet Daily

A coalition of community groups opposed to three massive real estate developments planned for the Lower East Side were dealt a setback on Tuesday, when the Appellate Division of the New York State Supreme Court reversed a trial-court ruling from last year that said the projects were required to undergo a more rigorous form of public review before final approval.
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2/23/2021 A Habitat Chapter Embraces Community Land Trusts in the Big Apple—Nonprofit Quarterly

“People believe they know what Habitat for Humanity is,” says Karen Haycox, CEO of Habitat for Humanity New York City (Habitat NYC), which has operated for 35 years and whose work now extends into nearby Westchester County.
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2/23/2021 Does New York Need a New La Guardia?—The Village Voice

On the afternoon of October 2, 1935, Mayor Fiorello La Guardia, a silver-plated shovel in hand, dug into the Midwood soil.
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2/23/2021 How the Real Estate Lobby Exploits Small Landlords—Teen Vogue

Mami Garcia will never move out of her apartment. “The only way God will take me away from this home is when I close my eyes for the last time,” she says.
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2/23/2021 Four Things to Know About the Housing Market in 2021—Barron's

Last year was an exceptional one for the housing market, which boomed in the second half.
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2/17/2021 De Blasio Pledges Last Gasp Property Tax Reform Effort—Gotham Gazette

After getting "derailed" by the pandemic, Mayor Bill de Blasio is reviving one of his earliest and most delayed mayoral commitments: to reform an out-of-date and unequal property tax system.
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2/17/2021 Tishman Realty strikes bulk condo deal with Elad Group—The Real Deal

In a sign of the increasing pressure faced by Manhattan’s condo developers, the Elad Group is selling a large block of the remaining units at its Hell’s Kitchen new development for roughly $90 million.
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