With many moving parts and a shortage of details, can this NYC hotel conversion to affordable housing plan be done successfully? NYC Hotel ➡️ Affordable Housing… In NYC can defunct hotels be successfully converted to affordable housing units? As with most promises driven by political campaigning, the devil is in the as-yet to be released details that […]
Development rights, aka air rights, are an extremely valuable commodity on the New York City real estate scene! And it’s the fact that Stuyvesant Town possesses over 700,000 square feet of development rights that some feel helps to explain why Blackstone Group, as part of its deal to purchase this iconic property, was willing to […]
A classic Catch-22 of NYC real estate when an apartment is affordable and yet economically unattainable! This is the plight for many in New York under the guidelines of what is known as H.D.F.C., or Housing Development Fund Corporation. While this co-op program that began during the severe economic downturn in the 1970’s (remember Municipal Assistance Corporation or […]
While New York City trails other cities around the country in terms of residential buildings planned or under construction, 7,000 new apartments in Manhattan alone are on the drawing board or currently being built! We have had discussions in the Hallmark Abstract Service blog before that touched on the high cost of living in a […]
In an article on April 24 Hallmark Abstract Service had presented the findings of a New York City Comptroller’s Office report that concerned the affordability of housing in the five boroughs! The title of the article, ‘NYC Housing Affordability: Survey says…it really isn’t!‘, told anyone who was about to read it most everything that they needed to […]
Follow @Hallmark Abstract Service NYC Mayor Bill de Blasio was swept into office on a promise of narrowing the income gap in New York City along with a slate of other proposals that would, if placed on the political spectrum, be considered some distance to the left of center. With the NYS legislature in Albany […]
In conjunction with the work Hallmark Abstract Service President Michael Haltman has done to help promote the proposed Country Pointe of Plainview project on Long Island, David Winzelberg of Long Island Business News discussed the effort with him! First to recap the Country Pointe of Plainview would be a residential and commercial development located on […]
The New York City online real estate market was rocked Monday by the purchase of StreetEasy by Zillow! Zillow Buys Real-Estate Website StreetEasy for $50 Million – ‘Zillow Inc. (Z), operator of the largest U.S. real-estate website, agreed to acquire StreetEasy for $50 million in cash to expand its coverage of the New York market…’ Real […]
