Real Estate
Big Tax Breaks Get Bigger as Mega-Developers Challenge Assessments
Apartment Dwellers, Avoid These Winter Heating Hazards to Stay Safe
What Doom Loop? Healthy Office Rentals and Tax Assessments Show Manhattan’s Strength.
Adams Ally in Charge of City Leasing Demanded Lucrative City Gig for Favored Broker, Suit Alleges
How Minneapolis and Austin Outdid New York City in the Quest to Enable More Housing
City Investigators Probe Eric Adams Protege Jesse Hamilton and His Real Estate Deals
Commissioner’s Testimony Muddies True Cost of Controversial City Lease Switch
Bill to End Forced Rental Broker Fees Goes to Council Vote With Near Veto-Proof
Council Considers Bills Spurred by THE CITY
The City Council committees on aging, consumer and worker protection, and housing will hold a t oversight hearing Nov. 19 on deed theft, and on two bills that aim to protect homeowners from predatory real estate speculation. The Council’s action was prompted by an investigative series from THE CITY that featured family who found themselves dispossessed from their own homes after investors forced a sale. The investors had purchased shares of homes for pennies on the dollar from far-flung heirs who had inherited the property. One bill, introduced by Councilmember Crystal Hudson (D-Brooklyn), would require purchasers to disclose the market value of similar properties when making an offer. The other, introduced by Councilmember Kevin Riley (D-The Bronx), would require the city to provide asset protection counseling for homeowners and their heirs.