The phrase air rights, depending on who you you’re speaking with, conjures up various thoughts and opinions over exactly what they are! There is of course the environmental and aviation context, but for the purposes of this article we speak of the ability for a developer to build a building to a certain vertical height. One can possess air rights […]
The topic of New York City air rights is somewhat arcane, and an area of commercial real estate development that is not TRULY understood by many in the marketplace! Recently the Hallmark Abstract Service blog had published an article titled, ‘Are Manhattan Air Rights Losing Some Of Their Luster?‘, that examined how as ‘the market for […]
Anyone who’s ridden the Long Island Railroad into Penn Station has almost certainly noticed the rapidly changing skyline in Long Island City! Development is occurring in LIC at a frenetic space and I for one, having worked in the Citigroup Building at One Court Square back in the 1990’s, barely recognize the place when I’m there! Of […]
