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For many decades, the New York metropolitan area has suffered from an increasing shortage of housing, as housing supply has not met housing demand. As a result, New York City has the highest rents of any city in the United States. [1] The New York metropolitan area has long-standing exclusionary zoning practices, which were frequently rooted in ...
111 Eighth Avenue, full-block Art Deco multi-use building located between Eighth and Ninth Avenues, and 15th and 16th Streets in the Chelsea neighborhood of the Manhattan borough of New York City; 165 Waverly Place; 2 Columbus Circle; 3 Columbus Circle; 383 Madison; 400 West 37th Street, Hudson Crossing Apartments
The city's securities industry, accounting for 181,300 jobs in 2018, continues to form the largest segment of the city's financial sector and an important economic engine, accounting for about 5% of the city's private sector jobs in 2018, 6% (US$3.7 billion) of city tax revenue, 17% (US$13.2 billion) of state tax revenue, and a fifth of the ...
The amount of office space in New York City increased by 92% in the late 1920s. [5]: 49–50 Zoning regulations had major impacts on the design of buildings. The proliferation of ever-larger skyscrapers like the 40-story Equitable Building spurred New York City's passage of the US's first citywide zoning code, the 1916 Zoning Resolution. [6]
The Marcy Houses, or The Marcy Projects, is a public housing complex built and operated by the New York City Housing Authority (NYCHA) and located in Bedford–Stuyvesant and is bordered by Flushing, Marcy, Nostrand and Myrtle avenues. [1] [2] [3] The complex was named after William L. Marcy (1786–1857), a lawyer, soldier, and statesman. [4]
In January, New York Community Bancorp (NYCB) — a leading producer of multifamily loans on non-luxury, rent-regulated apartment buildings in New York City — reported a surprise loss of $252 ...
NYCHA is a public-benefit corporation, controlled by the Mayor of New York City, and organized under the State's Public Housing Law. [6] [11] The NYCHA ("NYCHA Board") consists of seven members, of which the chairman is appointed by and serves at the pleasure of the Mayor of New York City, while the others are appointed for three-year terms by the mayor. [12]
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related to: 3 room building material cost trends today in new york city