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The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multifamily residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York City. The exemption ...
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 ...
The New York City Department of Buildings (DOB) is the department of the New York City government that enforces the city's building codes and zoning regulations, issues building permits, licenses, registers and disciplines certain construction trades, responds to structural emergencies and inspects over 1,000,000 new and existing buildings.
Borough, Block, and Lot (also called Borough/Block/Lot or BBL) is the parcel number system used to identify each unit of real estate in New York City for numerous city purposes. It consists of three numbers, separated by slashes: the borough , which is 1 digit; the block number, which is up to 5 digits; and the lot number, which is up to 4 digits.
The New York City Tax Commission reviews city-administered real estate taxes. The Taxi & Limousine Commission (TLC) regulates medallion (yellow) taxicabs, for-hire vehicles (community-based liveries and black cars), commuter vans, paratransit vehicles (ambulettes), and certain luxury limousines.
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Early postcard picturing the Equitable Building Graph of the 1916 New York City zoning ordinance with an example elevation for an 80-foot street in a 2½-times height district. In 1916, New York City adopted the first zoning regulations to apply citywide as a reaction to construction of the Equitable Building (which still stands at 120 Broadway ...
Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from ...