The property is currently 96% leased to 27 tenants across diverse industries including wholesale and distribution, healthcare, financial services, logistics, and construction.
NAR has now launched the Pro-Property Platform, a system designed to strengthen federal political advocacy by allowing direct-to-candidate contributions to be tagged as pro-housing and pro-property rights.
This incentive has long been a vital program support. By offsetting potential vacancy costs while applications are pending it makes landlords more willing to participate in CityFHEPS.
Just days after HGAR hosts its annual Legislative Breakfast on Oct. 6, voters, policymakers, and industry stakeholders will turn their attention to the NYC General Election Debate Series.
The Charter Review Commission is also recommending the creation of an independent Land Use Appeals Board. This board would offer an alternative avenue to challenge zoning and planning decisions, creating a formal process for appeals outside of the judicial system.
Legislative decisions at every level of government impact how we do business, safeguard private property rights, and help our clients achieve the dream of homeownership.
With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
A Mamdani candidacy and potential mayoralty could signal a policy environment more focused on tenant protections, rent regulations and public housing expansion.
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