Sentences with phrase «vacant apartments on»

The owners of two distressed condominium buildings are negotiating with the city on a deal that would put vacant apartments on the market as affordable housing, the New York Post reported.

The owners of two distressed condominium buildings are negotiating with the city on a deal that would put vacant apartments on the market as...

City Council Speaker Christine Quinn has advocated a $ 20 million program that would put vacant apartments on the market at a discount as affordable housing, and these two buildings would be the first to take part in the program.

The expected legislation includes A02005, which would would undo the law that allowed landlords to remove rent regulation on vacant apartments on which the rent had reached $ 2,000 a month rent.

Not exact matches

Empire State Development President, CEO & Commissioner Howard Zemsky said, «The Better Buffalo Fund was created to support vibrant, mixed - use communities like the Niagara Gateway Apartments, which brings a vacant building back to life to provide affordable housing on Buffalo's West Side.»

Diaz Jr. — a frequent critic of the mayor who is oft - cited as a potential primary challenger — received nearly $ 100,000 in donations connected to a Queens - based construction company that went on to be awarded $ 1.4 million from Diaz Jr.'s fiscal year 2011 capital budget to build an apartment building on vacant land on Pelham Parkway.

The plan calls for the creation of low - equity housing cooperatives, reinvesting in NYCHA housing, developing community land trusts, creating tax abatements for developers and entrepreneurs who bring business into Central Brooklyn and hire local residents must be encouraged to hire locally, offering quality careers to residents and a moratorium on wealthy developers being allowed to buy up apartment buildings and leave the units vacant.

Landlords of rent - regulated buildings, however, rely on raising rent 20 percent in vacant units to recoup the losses they have acquired by subsidizing other apartments for years without adequate rent increases, according to Frank Ricci, director of government affairs for the Rent Stabilization Association, which represents landlords of rent - regulated apartments.

Glover called on the governor to walk back a policy that allows landlords to increase rents by 20 percent whenever a rent - regulated apartment becomes vacant.

REAL ESTATE — «Stringer: NYCHA apartments left vacant for years,» by Capital's Kelly Weill: «Low - income apartments run by the New York City Housing Authority are in high demand, with more than 270,000 applicants on the authority's waiting list.

Mr. de Blasio stressed that he would not be satisfied with a simple extension of the existing regulations, but called for preventing landlords from removing vacant apartments from the rent control program and from increasing the rent 20 percent on stabilized apartments once they become unoccupied.

Meanwhile landlords have an incentive to lie about the pricetag of renovations on vacant apartments to artificially raise the value of the unit.

When a tenant moves into a vacant rent regulated apartment, the landlord is allowed to bump up the allowed rent by 20 percent on a two - year lease, a process commonly referred to as a «vacancy bonus.»

Singer found that the complex's management kept some apartments vacant for as long as four years, which means the complex missed out on more than $ 400,000 in lost rent that could have been used to pay bills and offset the need for a steep rent hike, tenants say.

DiNapoli blamed the drop — less than 1 percent of all rent - regulated apartments — largely on late - 1990s measures that allow landlords to deregulate units after they go vacant or when the monthly rents on the units surpass $ 2,000.

The three, four, and five - bedroom apartments are within 28 buildings constructed on formerly vacant lots.

This year, landlords can raise rents 19 percent on one - year leases for vacant apartments.

A couple of years ago the public was tantalized by a proposal to build a downtown grocery store rising out of a vacant parking lot on Ellicott Street, along with a high - rise building with apartments, offices and real estate space.

But city officials denied Cor the building permit based on this Catch 22 - like argument: Until the new streets are finished, the land surrounding the planned apartment buildings is technically just vacant land, potentially available for building.

A group of investors were approved for $ 348,000 in sales tax savings on construction equipment and other materials, and a one - time elimination of the 1 % mortgage recording fee to rehabilitate the vacant 251 Main Street in Buffalo into 36 apartments and commercial space.

The bill would also cap at 7.5 %, down from 20 %, how much a landlord can increase rents on apartments that become vacant.

The agency also approved $ 420,000 in tax breaks for Schneider Development's $ 11.7 million project to build 40 one and twobedroom apartments in a series of vacant buildings at 285 Niagara Street, with space for Ru's Pierogies, a startup food manufacturer, on the ground floor.

Bradley B. Lauer Sr. and his family own more than a dozen West Side homes, apartments and vacant lots, and dutifully paid thousands of dollars in city taxes on them.

He also said the restaurant plans to meet with residents of the apartment building above to discuss noise issues — City Councilman Ydanis Rodriguez's office claims to have collected more than 400 complaints over the past few years — and it is working with the building's landlord on a compromise regarding a vacant ground - floor apartment Gino Hernandez had used illegally.

The city has left nearly 900 apartments vacant in one of its affordable - housing programs — a situation that Mayor de Blasio said on Thursday leaves him «perplexed.»

More than 500 NYC residents gathered together on Tuesday, December 9th at the New York Society for Ethical Culture to demand an end to vacancy decontrol, a practice by which landlords can take a vacant apartment out of rent regulation when the rent reaches $ 2,000.

The New York City Housing Authority let dozens of apartments sit vacant for more than a decade — one for 21 years — and lost out on roughly $ 8 million in potential rental income, according to a new audit from Comptroller Scott Stringer's office.

«With thousands of families on the waiting list for public housing and residents with critical pending transfer needs, managing and turning over our vacant apartments effectively and efficiently is vital to our operations,» a spokeswoman said.

Sometimes, apartment buildings will list their vacant units on a flier on the door or in local businesses.

• Establish rent agreements and ensure monthly rent payments • Supervise cleanliness of exterior of the apartments • Deal inter tenant issues and resolve conflict when needed • Promote Perkin's apartments and attract tenants to fill in vacant rooms • Supervise the apartment's maintenance staff and interact with them on daily basis

In order to get the vacant apartments back on the market they need extensive renovations.

I can figure out the payback period for investing in order to get a vacant apartment back on the market and after anywhere from 1/2 a year to 1 1/2 years I've paid myself back and then I'm clearly earning much more money than before.

Likewise for legal basement apartments; predicted road widenings, plazas about to be built on nearby vacant land contiguous to subject property.

Not far away on Raymond Boulevard, Cogswell Realty Group LLC is converting a vacant office building to residential housing for Seton Hall University and constructing 185 market - rate apartments on the top floors.

«We've got about 2,500 vacant apartments in the city now, and we've been going to landlords, ranging from people who have a basement suite to very large landlords who have hundreds of units on the market, who have been offering discounts, special deals and flexible leases in order to get people into decent homes before they get on their feet,» Nenshi told the Calgary Herald.

The percentage of vacant apartments has begun to creep upwards, though it's still well under 5.0 percent on average in the U.S., according to most apartment researchers.

As a flood of new apartment developments opens and the percentage of vacant apartments has started to rise, banks are refusing to lend to weak deals and are lending less on the stronger deals.

Left unchecked, vacant Westerly homes and apartments can be a drag on the real estate market, holding Westerly real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied.

Left unchecked, vacant Middletown homes and apartments can be a drag on the real estate market, holding Middletown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied.