Public Advocate candidate didn’t tell ethics commission about his luxury condos or upstate house

Queens Assemblyman Ron Kim paid less than $100 city excise on Sky View Parc pad

TRD NEW YORK /
Feb.February 07, 2019 11:00 AM

Ron Kim and the Grand Sky View Parc condo at 40-26 College Point Boulevard in Queens (Credit: Wikipedia and CityRealty)

A Queens candidate for the city’s Public Advocate has failed to report his ownership of multiple luxury properties to a state ethics agency.

Ron Kim, who is one of 17 Democrats vying for the position vacated by Letitia James, now the Attorney General, has registered his voting address at a modest home on Ash Avenue in Queens since 2014, but made a series of real estate purchases the same year that suggest it’s not his primary address, Crain’s reported.

That same year, he reportedly purchased an apartment at the Sky View Parc luxury condo tower in Flushing for $1 million, in part aided by a $618,000 mortgage provided by Citibank and 421a tax abatement, bringing his annual city excise tax to below $100.

And then in 2017, Kim purchased another apartment in the adjacent complex, the Grand Sky View Parc, for $943,000, where he claimed the co-op/condo abatement the following year and took another property tax reduction — a benefit only given if it is the owner’s primary residence.

He also reportedly purchased an upstate home in Poughkeepsie for close to $632,000 that year, and property records list the condo at Sky View Parc Luxury Condominium Tower as his own.

During this time, the assemblyman ran for city council three times and listed his primary home address at Ash Avenue. Each of the other properties were not reported to the Joint Commission on Public Ethics, as required.

A spokesperson for Kim told the outlet that the homes are all used by his family members, and that he primarily lives at the Ash Avenue location.

“As anyone with elderly immigrant parents and young children can attest, it is a major challenge to juggle family obligations with the rest of life’s responsibilities,” the spokesperson told Crain’s. [Crain’s] — David Jeans 


Related Articles

arrow_forward_ios
From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone

arrow_forward_ios
Loading...