Thousands of Bronx Rent Stabilized Apartments At Risk As NYC Begins Phasing Out Homeless Shelter Clu
Gothamist just reported that thousands of rent stabilized apartments in New York City―the overwhelming majority which are in The Bronx―are in danger of being deregulated as NYC continues to phase out the notorious cluster site homeless shelter program that enticed landlords with on average double the average rents in order to house homeless families. The average price per unit that the city was paying? $2,451 a month and yes, these were rents being paid in The Bronx too well
East Harlem Rezoning could be boon for landlords
The city’s bid to rezone a large chunk of Harlem will increase the development potential of at least 50 properties owned by a motley collection of landlords—some of whom may be less than deserving of a big payday. A Manhattan community board is set to weigh in this month on the East Harlem rezoning plan, which will boost the allowable size of buildings along certain corridors of a 96-block area. The change could create as many as 3,500 new apartments if the City Council signs
