Value of de Blasio’s home doubled under Bloomberg admin

Jan.January 17, 2014 11:45 AM

Mayor Bill de Blasio’s Park Slope townhouse doubled in value over the last eight years — while Mayor Michael Bloomberg was in office — according to tentative assessment rolls from the city’s Finance Department released this week.

His single-family home on 11th Street in Brooklyn was worth $674,600 during the 2006-2007 fiscal year. Its value has ballooned to $1.4 million in the 2014-2015 fiscal year valuation, also a 19 percent increase from $1.18 million last year. Throughout the Brooklyn neighborhood, the median property value rose 17 percent year-over-year. The year-over-year average for Brooklyn overall was a 7 percent climb.

In the past, de Blasio has failed to properly disclose tens of thousands of dollars in rental income at the 11th Street townhouse. De Blasio also pays less in property taxes on his own home than many other owners of cheaper properties in the city, as previously reported.

Last month, he committed to temporarily moving with his family into the Gracie Mansion at East End Avenue and 88th Street in Yorkville. [NYP]Mark Maurer

Related Articles

A photo illustration of Michael Gianaris and Jeff Bezos (Credit: Getty Images, Wikipedia, iStock)

Gianaris wants to reform NYC tax credit programs that drew Amazon

Mayor Bill de Blasio and City Council Speaker Corey Johnson with an aerial of 320 Concord Avenue, the site of the jail project (Credit: Getty Images, Google Maps)

Housing complex takes South Bronx jail project to court

From left: Obligo COO Omri Dor, Jetty CEO Michael Rudoy, Rhino CEO Paraag Sarva and The Guarantor CEO Julien Bonneville (Credit: The French Studio via YouTube, Twitter, LinkedIn)

Startups salivate as pols target security deposits

Mayor Bill de Blasio (Credit: Getty Images)

Four more lead-paint laws hit landlords

Mayor Bill de Blasio (Credit: Getty Images)

“Good cause” by any other name: De Blasio calls for tenant protections

106 Prospect Place and 488 13th Street in Brooklyn (Credit: Google Maps)

Park Slope townhouse was Brooklyn’s priciest contract last week

Mayor Bill de Blasio (Credit: Getty Images)

De Blasio warns of ‘bad landlords,’ admits affordable housing plan ‘is not enough’

Mayor Bill de Blasio (Credit: Getty Images)

First broker fees, now security deposits? Mayor wants to free certain apartments from such payments