Policy

Can anyone, at any income level, justify and sustain paying 80+ percent of their income on rent? Obviously not. According to the Housing and Urban Development website, “If a household pays more more than 30 percent of its gross income on rent and utilities it is considered rent-burdened." Despite HUD’s claim, amNY highlighted two NYC renters in Section 8 housing who spend over 80 percent of their income on rent. The housing policies peg their rent to their income. Robert Rodriguez, who has lived in his Upper West Side apartment for 41 years and filed a lawsuit last June against the city, now pays a whopping 86 percent of his income in rent. Adding to the problems, on Wednesday HUD Secretary Ben Carson proposed massive changes, which would triple rent for the poorest households and make it easier for housing authorities to impose work requirements.
Learn more here

April 26, 2018

Cost of East Side Access project jumps again, now over $11B

Workers at East Side Access project in 2016 via MTA's Flickr The Metropolitan Transportation Authority approved on Wednesday an amendment to its capital plan that allows for more than $400 million to be invested in the East Side Access, a project that began more than a decade ago. In addition to exceptional construction delays, the project's price tag has jumped dramatically, from early estimates of roughly $2.2 billion to now over $11 billion (h/t NY Times). As a way to reduce crowds at Penn Station, East Side Access will connect the Long Island Rail Road to Grand Central Terminal.
Find out more

April 25, 2018

De Blasio pens letter to MTA seeking transparency in spending of $836M subway action plan

Photo via Wikimedia Mayor Bill de Blasio agreed earlier this month to fund half of the MTA's $836 million emergency rescue plan for the subway, leading many to believe the feud between the mayor and Gov. Andrew Cuomo about the funding had simmered. But on Wednesday, de Blasio and City Council Speaker Corey Johnson penned a joint letter to MTA chair, Joe Lhota, laying out terms of the funding agreement, with plenty of subtle insults to the MTA included. While the city's commitment of $418 million came with a "lock box" arrangement, to ensure the money goes to repairs and nothing else, the mayor and speaker are calling on Lhota and the MTA for even further transparency, better measurements of progress and frequent briefings about the plan.
Find out more

Trump Organization will fight ‘rogue individuals’ who want the president’s name shed from UWS condo

Photo via Nick Normal’s Flickr

April 24, 2018

Trump Organization will fight ‘rogue individuals’ who want the president’s name shed from UWS condo

In February of 2017, residents of Trump Place at 200 Riverside Boulevard voted to remove "TRUMP" from the condo building's exterior. Neighboring buildings found at 140, 160, and 180 Riverside Boulevard had already successfully removed his name, following a petition with hundreds of signatures. However, the 48-story condo at Trump Place, located on the Upper West Side, has not moved forward with the removal of the president's name because the Trump Organization threatened to sue. In response to this threat, board members in January asked a judge to issue a declaratory judgment that the condo has the right to either keep or remove the letters without violating its licensing agreement. The president's son, Eric Trump, who serves as a trustee of the organization, promised on Monday to "fight vehemently against rogue individuals" who want to remove the name (h/t West Side Rag).
Find out more

Policy

Cuomo’s new bill would ban plastic bags in New York by next year

Image: Michael Kowalczyk via Flickr.

April 24, 2018

Cuomo’s new bill would ban plastic bags in New York by next year

Gov. Andrew M. Cuomo introduced a bill on Monday to outlaw single-use plastic bags in the state of New York. The New York Times reports that Cuomo announced the three-page post-Earth-Day bill as part of the effort to fight the “blight of plastic bags" and their "devastating toll on our streets, our water and our natural resources.”
Find out more

April 24, 2018

After landmarking news, historic Carroll Gardens schoolhouse is back on the market for $5M

An unusual Carroll Gardens building, once the first freestanding kindergarten to be built in Brooklyn, is seeking a new owner, asking $4.95 million, now that it may not be headed for the wrecking ball. The Landmarks Preservation Commission calendared the building (along with the apartment building next door), now a unique single-family residence, at 236 President Street for landmark status consideration on Tuesday. Neighborhood residents and concerned citizens–including folk hero Joan Baez, whose grandfather once lived next door–have been rallying to stop the building's planned demolition as Brooklyn Paper reported last month.
Imagine the possibilities

April 19, 2018

After regulation overhaul, Landmarks Preservation Commission head announces resignation

Photo via CityRealty Earlier this year, the Landmarks Preservation Commission (LPC) unveiled a series of new proposed rules, which the group said would streamline the application process and improve transparency. But the regulation overhaul, as 6sqft recently reported, has caused concern among preservationist groups, who fear that more oversight by LPC staff but less time for public review won't allow enough input for public opinion and limit the opportunity for testimony and comment on applications. Following a backlash from the rule change, it was announced today that LPC commissioner Meenakshi Srinivasan will step down from her post.
Find out more

Policy

New RPA report calls for combining LIRR, NJ Transit and Metro-North into one rail network

A map showing T-REX’s new crosstown connections, via RPA

April 18, 2018

New RPA report calls for combining LIRR, NJ Transit and Metro-North into one rail network

By Dana Schulz

When NYC's three commuter railroads--the Long Island Railroad, New Jersey Transit, and Metro-North--were built more than a century ago when the metropolitan area was less than half its current size. Today, the systems are crumbling, both in their physical infrastructure and politics. The latest suggestion for how to fix the issues comes from a new Regional Plan Association report that wants to take advantage of the fact that these railroads "share an amalgamation of rail lines" and thereby create one integrated regional rail network. Dubbed T-REX, short for Trans-Regional Express, the 30-year, $71.4 billion proposal would add 60 new train stations and more than 200 miles of new tracks.
We break it down

April 18, 2018

Living Lots map helps New Yorkers transform vacant land into community spaces

It's time to think about gardening–a seasonal rite that's something of a challenge for most city-dwellers. Living Lots NYC is a clearinghouse of information that New Yorkers can use to turn vacant land into community spaces. Begun as a pilot project that ran from 2011 to 2015, which led to the to the official transformation of 32 vacant lots, Living Lots NYC was created by community organization 596 Acres as a database that New Yorkers can use to find, unlock, and protect the shared resource of the city's vacant lots. According to the map, at this particular moment, there are 877 sites throughout 626 acres of vacant public land, 18 sites on 8 acres of private land opportunities, and 559 sites on 211 acres to which people have access.
Check out the city's green opportunities

If you get it sliced, the state gets a cut: exposing the ‘bagel tax’

Next time you hit your local bagel shop, know that if you get your breakfast sliced–or heaven forbid, with schmear–you'll get smacked with an 8.875 percent sales tax. If you eat it in the store, (even if it's still whole), boom, more tax. The folks at Turbotax explain that "the state adds an eight-cent tax to any altered bagels," which includes, "bagel sandwiches (served buttered or with spreads, or otherwise as a sandwich)" or even just sliced for you.
In honor of Tax Day, we ask: What's with this bagel tax?

George and Amal Clooney’s Soho rental is operating as an illegal transient hotel

Photo of George Clooney via Wikimedia

April 16, 2018

George and Amal Clooney’s Soho rental is operating as an illegal transient hotel

By Annie Doge

George and Amal Clooney's rental at 116 Sullivan Street has been operating as an illegal transient hotel, according to Page Six. Richard Fertig, the owner of the 19th-century, red brick building in Soho was hit last month by the city with four violations for illegally converting the basement apartment to "transient use." Authorities say the apartment does not have mandatory fire alarms, exits or a certificate of occupancy.
More details here

MTA will use ‘magnetic wands’ to clean pounds of steel dust from NYC subway tracks

Gov. Andrew Cuomo oversees an MTA worker testing a magnetic wand at the 9th Ave subway station in Sunset Park; photo via the governor’s Flickr

April 13, 2018

MTA will use ‘magnetic wands’ to clean pounds of steel dust from NYC subway tracks

The Metropolitan Transporation Authority will deploy 700 additional "magnetic wands" to clean hundreds of pounds of steel dust from insulated joints on tracks, which accumulates when the brakes are applied. When dust builds up on joints, it can trip the circuit on the joint and cause red signals, sending a ripple of delays throughout the system. Gov. Andrew Cuomo on Thursday tested out the wands at a Sunset Park subway station and announced a plan to buy additional wands to clean all 11,000 insulated joints deemed a priority, using funds from the recently funded-in-full emergency subway action plan.
Find out more

April 12, 2018

Interactive map tracks New York City’s 270 miles of sidewalk sheds in real time

As of this week, New York City is home to 7,342 sidewalk sheds, totaling nearly 270 miles of sprawling eye-sores. Although this may sound like a lot, the number of sidewalk sheds has actually decreased from last year, when the Department of Buildings found over 7,700 sidewalk sheds throughout the city. The DOB on Wednesday released a new map highlighting the exact location of permitted sidewalk sheds. The map, which will update automatically in real-time, has a new feature that allows users to search sidewalk sheds by age, borough, community board and permit applicant.
Explore the map

Vornado says it reached a deal with Kushner Cos. to sell 666 Fifth Avenue stake

Google Street View of 666 Fifth Avenue

April 9, 2018

Vornado says it reached a deal with Kushner Cos. to sell 666 Fifth Avenue stake

Update 4/9/18: Vornado announced on Friday that it reached a "handshake" deal to sell its stake at 666 Fifth Avenue back to the Kushner Cos, according to the New York Times. It remains unclear if the Kushners have found a new partner. Steven Roth, chairman of Vornado, in the filing, said the payment would cover the company's investment: "The existing loan will be repaid including payment to us of the portion of the debt we hold." Kushner Cos. said this week it is in talks to buy the remaining 49.5 percent stake in 666 Fifth Avenue from Vornado Realty Trust, furthering the drama at the 41-story Midtown Manhattan office building, according to the Wall Street Journal. The tower has remained one of Kushner Cos. most financially troubled projects. In addition to its debt and high rates of vacancy, the building has been mired in controversy, mostly due to Jared Kushner's role as a senior adviser and son-in-law to President Donald Trump. While Jared divested in the property to avoid conflicts of interest, investors have been reluctant from entering a deal with Kushner Cos.
Find out more

Policy

‘Pixel Facade’ concept creates flexible, green office towers designed for millennials

Image © Mengyi Fan

April 5, 2018

‘Pixel Facade’ concept creates flexible, green office towers designed for millennials

Pixel architects, Oliver Thomas and Keyan Rahimzadeh, designed “pixel façade,” a flexible biophilic façade system for the next generation of offices, acknowledging millennials strong desire to be happy in a conducive, natural workplace. Inspired by a Metals in Construction competition challenge, the duo designed a hypothetical building in Williamsburg with a strong connection to nature to house tech startups. Thomas told designboom: “the idea was to propose conceptual but realistic ideas for built products for the future.”
Find out more

Future of de Blasio’s $2.5B BQX streetcar at risk

Photo courtesy of Friends of the BQX

April 4, 2018

Future of de Blasio’s $2.5B BQX streetcar at risk

With the unveiling of its inaugural prototype last fall, things were looking up for the Brooklyn Queens Connector (BQX) streetcar, a proposed light-rail trolley that would run 16-miles along the East River between the two boroughs. The Friends of the BQX even held an event to show off the ultra-sleek, 46-foot long prototype car. However, studies into the project's construction feasibility, as well as its ability to pay for itself, are still underway, according to the Daily News. At an event at NYU, Deputy Mayor Alicia Glen said the administration is still determining the project's ability to be self-funding.
More this way

MTA sued over L train shutdown plan to transform 14th Street into an all-bus corridor

Photo via Dan Phiffer’s Flickr

April 4, 2018

MTA sued over L train shutdown plan to transform 14th Street into an all-bus corridor

The Metropolitan Transportation Authority released late last year its mitigation plan for the 15-month shutdown of the L train, set to begin in April of next year, calling for an all-bus, no-car corridor on 14th Street between Third and Ninth Avenues. The city says the MTA will have to run 70 buses every hour across the Williamsburg Bridge in order to accommodate the projected 84,000 daily bus riders. According to the New York Times, this would make 14th Street the busiest bus route in the country. In response, a coalition of Lower Manhattan neighborhood groups on Tuesday filed a federal lawsuit against the MTA and the city's Department of Transportation in attempt to stop repairs of the L train, claiming the agencies failed to conduct an environmental review before releasing its plan.
More here

What would congestion pricing mean for NYC real estate?

Photo via joiseyshowaa/Flickr

April 3, 2018

What would congestion pricing mean for NYC real estate?

Congestion pricing is dead in the water again. But New York City’s traffic and subway problems continue to get worse while the population and Cuomo and De Blasio’s battles continue to grow. Something has to give. With that in mind, the question remains, if congestion pricing ever happens, what is the relationship between congestion pricing […]

Cuomo declares state of emergency for NYCHA, creates independent monitor to oversee authority

Photo of Queensbridge Houses via Wikimedia

April 3, 2018

Cuomo declares state of emergency for NYCHA, creates independent monitor to oversee authority

Citing hazardous conditions like lead paint and mold, Gov. Andrew Cuomo on Monday declared a state of emergency for the New York City Housing Authority (NYCHA). He also ordered an independent monitor be appointed within 60 days to expedite repairs and upgrades. An investigation by the state's Health Department revealed this week that in the last month alone, at least one severe condition that poses a health risk has been found inside 83 percent of 255 apartments checked, including peeling paint, mold, evidence of rodent and insect infestation and missing smoke and carbon monoxide detectors. The monitor will also oversee how NYCHA spends the $250 million the state allocated in its budget signed this weekend, according to the New York Times.
Find out more

Everything you need to know about cryptocurrency and real estate

NYC skyline via Pexels; Bitcoin via Pexels

April 2, 2018

Everything you need to know about cryptocurrency and real estate

NYC skyline via Pexels; Bitcoin via Pexels Just when you think you understand the world of cryptos, all you understand is how little you know. And when you do actually master a topic, it will change. Which is why to get you started, we've put together a 101 guide to cryptocurrencies and real estate transactions. From the technology behind digital currencies such as Bitcoin to their risks, the real estate market is ripe for potential when it comes to this burgeoning market.
Get your primer ahead

De Blasio agrees to fund half of the MTA’s $836M emergency subway rescue plan

Image © 6sqft

April 2, 2018

De Blasio agrees to fund half of the MTA’s $836M emergency subway rescue plan

After months of refusal, Mayor Bill de Blasio said on Saturday the city will pay for half of the emergency rescue plan for the subway, which was announced by the Metropolitan Transportation Authority in July. The mayor's decision to fork over $418 million for subway repairs came after the state lawmakers passed on Friday Gov. Andrew Cuomo's $168.3 billion budget. The approved budget includes giving the state power to take funding from the city if it did not pay for its share, as the Daily News reported. The state has already paid its half of the $836 emergency plan, aimed at repairing, upgrading and stabilizing the beleaguered transit system.
More details here

De Blasio is considering a vacancy tax for landlords who leave their storefronts empty

Photo via Dan Nguyen/Flickr

April 2, 2018

De Blasio is considering a vacancy tax for landlords who leave their storefronts empty

In the "it's about time" department, the New York Post reports that Mayor Bill de Blasio is considering a tax that would discourage retail landlords from letting their properties sit vacant, depriving potential local businesses of opportunity while giving the middle finger to neighborhood morale. Addressing the rising number of vacant storefronts in just about every neighborhood in the city, the mayor said Friday on WNYC that he would like to see a penalty in place for landlords who leave storefronts sitting unoccupied, presumably waiting for big-ticket tenants who have yet to materialize.
Find out more

Governor Cuomo looking to give the state control of Penn Station area

Photo outside Penn Station via Maciek Lulko/Flickr

March 29, 2018

Governor Cuomo looking to give the state control of Penn Station area

Less than one week before the state's deadline to adopt its budget, Governor Andrew Cuomo proposed the “New York Pennsylvania Station Area Redevelopment Project,” a state-controlled development area around Penn Station. In the constant one-upmanship between Cuomo and Mayor Bill de Blasio, this would give Cuomo control over one of Manhattan’s top name-brand landmarks, according to a draft proposal acquired by Politico.
More details ahead

Over the next three years, city will spend over $1B to house homeless New Yorkers in hotels

Photo via Public Domain

March 28, 2018

Over the next three years, city will spend over $1B to house homeless New Yorkers in hotels