As New York City prepares to elect a new mayor, Queens is set for a new chapter, courtesy of the outgoing hizzoner.
On Wednesday, the City Council advanced the Long Island City rezoning, expected to create 14,700 new homes over the next decade.
The City Council Committee on Land Use and the Subcommittee on Zoning and Franchises voted in favor of the rezoning after the Adams administration promised to invest $1.5 billion in the neighborhood.
The rezoning project is expected to net 4,300 affordable apartments and 3.5 million square feet of new commercial space.
In the same breath, the City Council also approved a big rezoning in Jamaica, a plan is expected to create 11,800 housing units, of which 4,200 will be permanently affordable.
For those keeping score, that should be five rezonings pushed over the finish line during Eric Adams’ administration. Doing his best to back up his claim as the “most pro-housing mayor” in NYC history.
The Chetrits, on the other hand, are doing little to shed a sordid reputation among tenants. Joseph Chetrit was indicted on felony charges of tenant harassment this week, joining brother Meyer as a defendant in a case accusing them of harassing elderly Chelsea tenants.
The charges were the latest in Manhattan authorities’ enforcement push to pursue bad behavior by landlords.
It was a similarly bad week for Alex Sapir. The Sapir Corporation filed for insolvency, claiming it can no longer meet its bond payments or cover operating costs. All the company’s directors resigned, according to a filing with the Tel Aviv Stock Exchange, which names Alex Sapir as the controlling shareholder.
Israeli chain Dan Hotels is in contract to buy the troubled Nomo Soho for $125 million. The deal would mark Dan Hotels’ first step into the U.S. market following its recent international expansion in India.
Jonathan Bennett’s AmTrustRE is in contract to buy the 22-story 260 Madison Avenue from Sapir for $217 million. The buyer said the 570,000-square-foot property is only 68 percent leased with about $10 million of annual net operating income.
And speaking of buyers, we take you live to the set of “Shark Tank”:
Hello, sharks. I’m Corcoran’s Carrie Chiang. I am seeking a buyer for a $16 million penthouse on Fifth Avenue. I represent the buyer, while Serena Boardman represents the seller.
The unit has three bedrooms, formal dining and living rooms, a library and terrace, tall ceilings and many of its original details.
Mark Cuban, presumably: Sorry, I’m out.
Barbara Corcoran: Count me in!
The only thing more remarkable than the shortest segment in the show’s 16-year history is the fact that Barbara Corcoran listed and sold another penthouse in the neighborhood three weeks ago, roughly a dozen blocks north of her new digs.
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City Council reaches deal on Long Island City rezoning to build 15K homes
City Council approves Jamaica rezoning to build 12K apartments
Joseph Chetrit indicted in criminal tenant harassment case