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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 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 ...
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.
According to Ritchie Torres, "TPT is quite different from and far harsher than a typical foreclosure from the perspective of a property owner. If you are the target of a foreclosure, you get a share of the proceeds from the sale of your property. Under TPT, the city can completely strip you of all the equity in your property". [9]
Uniform Land Use Review Procedure (ULURP) is a process mandated by the 1975 revision of the New York City Charter that is invoked when a proposed development will affect certain legal protections afforded to the existing area and/or its inhabitants.
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The Mayor's Office For People with Disabilities (MOPD) is a liaison to the NYC disability community on behalf of the NYC Mayor's Office. In conjunction with all other city agencies and offices, assess and coordinate city policies relating to all people with disabilities. NYC Media is the radio, television, and online media network of New York City.
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 ...