Wait list opens for affordable apartments in Kips Bay

By Sabina Mollot

New Yorkers on the lookout for a more affordable home might want to consider Phipps Plaza South, two buildings located in Kips Bay, where there is currently a lottery for affordable apartments.

There is at this time just a small amount of vacancies, but there is also a wait list, according to a spokesperson for Phipps, which, this week, announced the opportunity via an ad. The reason for the announcement since most units are already filled is that the owner, nonprofit developer Phipps Houses, is required to periodically refresh the waiting list if it’s out of date or applicants fall below a certain number. This policy is a HUD requirement for Section at 8 at the property.

The two buildings are located at 330 East 26th Street and 444 Second Avenue and together have 404 apartments that are mostly low-income. None are market rate, according to the spokesperson, James Yolle, and it’s covered under a regulatory agreement until 2039 and will then become rent stabilized. Any unit rented goes to someone on the waiting list, which applicants can get on based on income limits.

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Landlord group files suit to stop city rent freeze

July14 RGB

The Rent Guidelines Board (Photo by Sabina Mollot)

 

By Christian Bautista

The city’s biggest landlord organization is looking to build a winning streak in the courts as it sues the Rent Guidelines Board over its decision to enact a rent freeze.

The Rent Stabilization Association, which represents 25,000 landlords of one million rent-stabilized apartments across the city, has lodged a lawsuit in Manhattan State Supreme Court, arguing that the RGB acted outside the scope of the Rent Stabilization Law when it voted 7-0 to freeze rents on one-year leases.

“Nowhere does the law provide that the RGB is supposed to consider the subject of affordability when determining rent guidelines. Affordability is an issue that should be addressed not by the RGB, but through government-sponsored rent relief subsidies to tenants actually in need,” said Joseph Strasburg, the president of the RSA.

“The RGB, through the rent freeze, is inappropriately and unlawfully providing a rent subsidy to all tenants regardless of need. The rent freeze is not based on need, but rather on the perceived inability of tenants to pay, and to accommodate de Blasio’s political agenda of gaining favor with a large segment of the city’s voting block. “

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Former Gramercy police precinct to be auctioned off

June30 21st Precinct

327 East 22nd Street, originally home to the 21st Precinct (Photo by Sabina Mollot)

By Sabina Mollot

Two years ago, a Gramercy building that was once home to the NYPD’s 21st Precinct was sold to developer Sam Suzuki, who planned to convert the building to luxury condos.

However, the building, located at 327 East 22nd Street, is now scheduled to be sold at a public auction on Thursday, June 30 at 11 a.m. The upcoming sale, which was mentioned in a public notice in the New York Times, will take place at the New York County Courthouse and is being facilitated by Mission Capital Advisors. In the notice, the property is referred to as “SCPD Gramercy 1 LLC.”

In April, 2014, Suzuki bought the four-story building between First and Second Avenues for $11.5 million, securing an $18 million mortgage. As a condition of the sale, Suzuki also got 7,000 square feet of air rights. In February of 2015 the owner got a permit to demolish the property. However, today it still sits — at least the outside of it — boarded up and covered by a scaffolding. The permit to fully demolish the building expired this February, and the owner hasn’t since filed for a new one.

Prior to this, the building was used as a home for LGBT young people, and run by Green Chimneys, a nonprofit based in Brewster, New York, that owned the building.

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