For the first time, the budget also provides for the sharing of a modest portion of sales-tax revenues, estimated to total about $2.3 million in 2026, with all Putnam County towns and villages.
Recent estimates indicate tariff actions will add approximately $11,000 to the cost of building each new single-family home.
One of the most important process improvements in the agreement involves the ability to increase the use of commercial title insurance in certain instances.
Fordham Landing South to be developed by Dynamic Star and Lettire, will create more than 900 new affordable homes.
“This partnership gives our agents the scale, technology, and marketing power to grow their business while maintaining the personal, client-first culture that has defined our success in the city.”
The agreement underscores the continued strength of Lower Manhattan’s office market, of which Brookfield Place comprises approximately 10% of inventory.
In addition to a revitalized port, the plan passed on Sept. 22 will also create 6,000 new homes—including 2,400 permanently-affordable units—as well as 28 acres of public space.
Norges Bank Investment Management will pay $542.6 million for its 95% ownership interest, valuing the property at a gross value of $571.1 million.
The acquisition of the two adjoining properties represents a strategic opportunity to create a best-in-class new building on a prominent development site in the heart of Midtown East.
The MSMX plan will also support the garment and fashion industries with a $50-million investment to develop permanent space for the industry…
Phase 2 of the project—which is valued at $12 billion—will now include 4,000 new homes at the site.
The FARE Act prohibits brokers who represent landlords from charging broker fees to tenants. This includes brokers who publish listings with the landlord’s permission.
For decades, community and state leaders have failed to harness the aspiration and boldness needed to break through barriers and build the future New Yorkers deserve.
The move effectively keeps congestion pricing tolls in effect through at least June 9.
According to the CBRE report, Manhattan’s supply of properties undergoing conversions have a median age of 68 years.
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