Online Alerts

DOB Invites Comments on Proposed Buildings Penalty Schedule Update

January 3, 2018    

The Department of Buildings (DOB) is proposing to update the Buildings Penalty Schedule to reflect the current construction environment, and to better ensure public safety. The last major overhaul of the Buildings Penalty Schedule occurred in 2008.

The DOB will hold a public hearing on...

Owner to Pay $8M in Tenant-Harassment Suit

January 3, 2018    

Attorney General Schneiderman recently announced that Steve Croman, a major multifamily owner who is serving a prison sentence for mortgage fraud, agreed to pay $8 million in restitution to tenants he harassed. An independent manager will run more than 100 of Croman’s properties, and...

Recent Bronx Fires Reminds Owners of Fire Safety Plan’s Importance

January 3, 2018    

The recent tragic fire that spread through a Bronx apartment building claiming the lives of 12 people including five children has been deemed New York City’s deadliest since 87 people were killed at a Bronx club in 1990. According to reports, the flames spread quickly from a ground-floor...

City Council Approves East Harlem Rezoning

December 6, 2017    

The City Council recently approved the rezoning of East Harlem, the third neighborhood to be rezoned under the mandatory inclusionary housing program (MIH). To get the rezoning plan passed, the council modified it to align more closely to the community-based planning vision and evaluated the...

City Council Passes Bill to Create Speculation Watch List

December 6, 2017    

The City Council recently unanimously voted on the “Predatory Equity Bill,” which will create a watch list of rent-regulated buildings where tenants are potentially vulnerable to investors who may want to kick them out. The legislation requires HPD to compile a “Speculation...

City Council Passes ‘Certification of No Harassment’ Legislation

December 6, 2017    

The City Council recently passed a bill implementing a new tenant protection policy. The “Certification of No Harassment” (CONH) legislation requires covered building owners seeking to demolish or make significant alterations to their building to prove they have not engaged in...

City Comptroller Promotes Program to Help Tenants Lift Credit Scores

November 1, 2017    

Scott Stringer, New York City comptroller, recently issued a report encouraging owners and property management companies to give tenants the ability to opt in to reporting their rent payments as a way to boost their credit scores. Looking at a sampling of tenants paying less than $2,000 a month...

Judge Greenlights Plan to Take Control of Owner’s Buildings for Illegal Airbnb Activity

November 1, 2017    

A state appellate court recently approved the city’s plan to take over an owner’s properties after he allegedly failed to prevent his tenants from “Airbnb-ing” their apartments. In August, a Manhattan Supreme Court judge found the owner of several Midtown rental buildings...

Mayor Announces Plans to Preserve Remaining Mitchell-Lama Developments

November 1, 2017    

Mayor Bill de Blasio recently announced a new Mitchell-Lama Reinvestment Program. Nearly 20,000 of the city-supervised co-ops and rentals in New York City’s Mitchell-Lama buildings have left the program since 1989. The new program, with an initial infusion of $250 million, will target more...

HPD Announces Start of the 2017 Heat Season

October 5, 2017    

Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer recently announced the start of New York City’s “Heat Season,” which legally requires all residential building owners to maintain indoor temperatures at 68 degrees when it falls below 55 degrees...

Owner to Pay $500K in Tenant Harassment Case

October 5, 2017    

Attorney General Eric T. Schneiderman, Governor Andrew M. Cuomo, and Mayor Bill de Blasio recently announced a first-of-its-kind settlement between the Tenant Harassment Prevention Task Force and ICON Realty Management. This settlement provides tenants broad relief, requiring the owner to end...

Notorious Owner Sentenced to One Year in Jail

October 5, 2017    

Attorney General Eric T. Schneiderman recently announced the sentencing of Steven Croman, a landlord who owns more than 140 apartment buildings across Manhattan, for fraudulently refinancing loans and committing tax fraud. Croman was taken into custody and will serve one year of jail time on...

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