Housing venture pieces together affordability plan for de Blasio
Two firms are offering New York City a solution to a slew of affordable housing issues. To make it...
Property taxes
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New York pols take aim at Opportunity Zones
A new bill in Albany would eliminate a state tax break that benefits real estate developers in New York City. The legislation would end New York’s share of the Opportunity Zone tax break for...
City grants property owners another month to avoid tax lien sale
After facing repeated criticism that elected officials haven’t provided adequate relief to property owners during the pandemic, the de...
Jumaane Williams’ tax ploy is day late — but may leave city $1.7B short
Jumaane Williams is trying to do what no public advocate has done before: govern. Hours before the City Council...
City Council passes limited property tax reprieve, disappointing landlords
The New York City Council today gave landlords a slight reprieve on property taxes, but advocates for the industry...
Hotel distress could strip NYC of $1.8B in tax revenue
The loss of tourism alone could drain New York City of $1.8 billion in tax revenue from hotels. The...
Property tax-deferral bills on City Council’s fast track
Two new bills in the City Council would allow New Yorkers to defer their property taxes and tenants to...
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Bill Rudin is betting on the office as a magnet for human connection. “We live in a real world where human interaction is critical,”...
“A recipe for disaster”: Fighting property taxes in a pandemic
It’s cumbersome. Antiquated. Arcane. And definitely not Covid-ready. The system for challenging property assessments in New York City was...
Real estate asks city for property tax mercy
Developers and landlords are asking the city to freeze property taxes, slash late fees and allow monthly payment plans....
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