Tag Archives: affordable housing

Blackstone Group Buys Stuyvesant Town In New York City And Gets A Development Rights Kicker!

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 […]

NYC’s HDFC Co-op Apartments: So affordable and yet so unattainable!

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 […]

7,000 new apartments coming to Manhattan (Interactive Map)

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 […]

Infographic: The truth about the NYC apartment rental market!

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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 […]

What is Bill de Blasio’s next move for New York City?

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 […]

Hallmark Abstract Service President Michael Haltman interviewed in LIBN!

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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 […]

New York Real Estate Stories For August 19th, 2013

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 […]