DOB fines Elliman, Halstead agents for listing illegal units

TRD New York /
Apr.April 30, 2013 01:30 PM

The Department of Buildings is cracking down on illegal apartments by issuing fines to the agents and brokers who list them, the New York Times reported.

The fines start at $3,600 and can climb to five times that amount. Ten agents, including ones at Douglas Elliman and Halstead Property, have already been fined for listing apartments, the newspaper said. Elliman and Halstead declined to comment to the Times.

DOB officials warned that they might go after brokers who supervise the agents as well.

From January through March, inspectors posed as prospective renters, first through sites such as Craigslist and then on visits to 50 apartments deemed suspicious, the New York Times said. The investigation was called “Operation: Danger Included.”

The listings that landed the agents in hot water were in neighborhoods across the city, including Brooklyn’s Park Slope and Hamilton Heights in Upper Manhattan; all, though, were in the basement and most did not have the two exits required by the DOB. [NYT] – Mark Maurer


Related Articles

arrow_forward_ios

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Unrealistic pricing bogs down Miami luxury condo market: TRD Showcase & Forum

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman

The Real Deal’s E.B. Solomont receives Front Page Award

Rents increased year over year this September in Manhattan and Brooklyn to $4,336 and $3,366

Rents tick up and concessions fall amid broader economic uncertainty

The number of closed sales fell by more than 14 percent year over year in the third quarter (Credit: iStock)

Low mortgage rates are killing Manhattan’s all-cash buyer

arrow_forward_ios