Category Archives: Uncategorized

NYC Rent Freeze is Over

For years 2015 and 2016 rents for one year leases of rent stabilized units were not subject to an increase. On Tuesday June 27, 2017, the Rent Guidelines Board (RGB), by a vote of seven to two, approved rent increases … Continue reading

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New UWS Mixed Use Building Planned

Hampshire Properties, based in Brooklyn New York,  filed plans to develop a New 15 story 33 residential unit Mixed Use Building at 2461 Broadway. 2461 Broadway is located on the North Side of West 91st Street and the West Side … Continue reading

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Rent Freeze Melts

On Tuesday April 25, 2017, the Rent Guidelines Board (RGB) approved to increase rents between one and three percent for one year leases and between two and four percent on two year leases. The nine members of the RGB approved … Continue reading

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New Morningside Heights Historic District

A new historic district was approved on February 21, 2017 by the Landmarks Preservation Committee. The new historic district includes 115 buildings from West 109th Street to West 119th Street on and between Amsterdam Avenue, Broadway, and Riverside Drive. This … Continue reading

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How NYC Can Keep Mom & Pop Shops Open

Walk along a few blocks of almost any retail corridor, and you will find vacant stores or mom and pop shops closing down. Some banks are moving from corner locations and opting for mid-block locations in exchange for a less expensive lease. … Continue reading

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Tax Plan of President Trump

President Donald Trump proposed to cut taxes for all Americans. The current seven tax brackets will be cut down to three brackets but it is really four brackets because low income Americans will pay a tax rate of Zero. It … Continue reading

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2016 Year in Review and What to Expect in 2017

2016 is proving to be a very busy year in the Upper West Side commercial real estate market. Throughout the first three quarters of the year, the Upper West Side experienced heavy activity focused in walk up multifamily and mixed … Continue reading

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