Tag: real estate

Neighborhoods, Real Estate

421-a Tax Abatement Only For Developments Paying Prevailing Wage For Construction Workers

   Developers and construction unions say the new 421a tax abatement is necessary to build new apartments in New York City — but critics disagree. “It’s extraordinarily expensive and it’s taken an inefficient program and made it more inefficient — some more affordable housing units, but mostly it’s just subsidizing […]


Housing Advocates Say More Regulation Needed for Small Living Spaces

Last week, New York City welcomed Carmel Place, its first building composed of micro-units. Stocked with kitchens, bathrooms and living spaces, all of the 32 tiny apartments that fill the Kips Bay building are smaller than 400 square feet. Buildings like Carmel Place aren’t the only way to create more […]

News, Real Estate

Real Estate Salesperson Helps Low-Income Renters

DaMarius Edwards, 24, was in a financial bind when he signed up to help New Yorkers to find homes of their own. Working on his passion, producing beats and rapping, which he had moved to New York to pursue, wasn’t bringing in any income. He had to figure out how […]


Harlem’s Wing Wars: Why the neighborhood’s going pollo loco

Restaurateur Jamar White thought he’d be the only game in town earlier this year when he decided to open a third location of his small, yet successful chicken wing franchise, Buffalo Boss, on 125th St. in the heart of Harlem’s still-booming real estate market. “There really weren’t any wing places […]


Fresh Incentives in the Mayor’s Race

The Bloomberg administration’s $130 million subsidy of grocery-delivery company FreshDirect became a flash point in a recent mayoral debate when, on a question about job creation, Joe Lhota criticized Bill de Blasio’s disapproval of the subsidy.