Via City Room: “Mayor Michael R. Bloomberg signed a bill on Monday that extended the city’s participation in rent regulation for another three years by redeclaring a state of housing emergency, even as a challenge to rent regulation laws looms in the United States Supreme Court. ‘The Department of Housing Preservation and Development reports the vacancy rate in rental apartments to be at 3.12 percent, Mr. Bloomberg said at the bill-signing ceremony. That, he continued, is ‘well below the 5 percent rate at which the law requires that rent regulation be discontinued.’ The city has had a vacancy rate of less than 5 percent since the department began keeping track more than 40 years ago, which means it has been in a state of housing emergency for all that time. But critics of rent regulation argue that an emergency by definition must be temporary.”
Scaffolding went up on the Montauk Club at 25 8th Avenue in Park Slope earlier this month. Looks like they might be repointing the brick in the front. Anyone know what they’re doing? Incidentally, when there was scaffolding on the landmark building in 2011, six brides threatened to sue to get their deposits back.
A mixed-use row house that looks like it will fit in well with the neighbors is going up at 202 Grand Street in Williamsburg, in what was previously an empty lot. We’re happy to see the heights of the stories are in keeping with the context. This has potential, depending on what finishes are chosen. […]
Winter has finally packed its bags, and it’s a perfect time to plant all manner of trees, perennials and annuals. It is also a great time to weed and reseed your lawn, before the weather gets so warm Bermuda grass takes over. Warmer days and frequent rains give everything a good start. In preparation for […]
Seven homes out of nine have sold at the Townhouses of Cobble Hill development, according to a PR rep. The Landmarks-approved modern-yet-contextual houses at 110-126 Congress Street went on the market in May for $3,650,000 to $4,200,000, and only 110 and 114 are still available. The four-bedroom, five-bath house at 110 Congress has 3,318 square feet […]
Average rents rose 77 percent in Brooklyn while city wide real median income fell 4.8 percent from 2000 to 2012, according to a report out from the city comptroller described in The New York Post. The increases were the largest in any borough. A story in the Times implied that meeting Mayor de Blasio’s stated […]