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Manhasset Hills, NY · Business

New York Post

partner publisher · 1.8M followers

Boom of tiny NYC apartment buildings due to developers gaming tax-relief program

If the city has such a desperate housing shortage, why do so many new apartment buildings around town seem tiny? The magic number for residential developers in the Big Apple is 99 — the maximum number of units they can build to keep construction and labor costs low and to maximize future profits under a city-state tax-relief program. The Real Estate Board of New York found that new or planned apartment projects in the five boroughs with under 100 units surged to 172 from July 2024 to September 2026, as tallied by the city’s Housing Preservation and Development agency and the Department of Buildings. In comparison, a mere 13 such small-scale projects were recorded from 2008 to 2023. The 23-story Eastline at 1655 First Avenue, which will have 99 units. Google Maps Since 2024, Brooklyn and Queens had 65 and 58 new projects, respectively, with fewer than 100 units, while Manhattan had 17, according to REBNY. Manhattan leasing remains red hot in October A mere 99 units in some buildings is minuscule in light of the city’s need for 700,000 new homes in the next decade. But the reason they’re so popular with builders is simple, say REBNY vice president

New York, NY · 9h

qns.com

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Permits filed for 6-unit residential building in Corona

Permits have been filed for the construction of a 4-story residential building with six housing units at 112-50 38th Ave. in Corona. The proposed building would be 43 feet tall and cover 5,458 square feet. With an average unit scope of 909 square feet, the four apartments will most likely be rentals.

Queens, NY · 16h

bushwickdaily.com

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Bushwick, Williamsburg and Greenpoint businesses must sign with a trash carter by Nov. 30

Businesses in Bushwick, Williamsburg, Greenpoint and Bedford-Stuyvesant have until Monday, Nov. 30, to sign a contract with a private trash carter authorized to work in the city’s new Brooklyn North commercial waste zone. A business that has not chosen one by then will be assigned a carter by the Department of Sanitation, at the maximum rate the law allows.

Brooklyn, NY · 1d

bushwickdaily.com

website

The city sold tax liens on 96 Bushwick properties at its last sale, records show. There’s no sale this year

At New York City’s most recent tax lien sale, on June 3, 2025, the city sold the liens on 96 properties in Bushwick’s Community Board 4, according to the Department of Finance’s lien sale lists. No sale is coming this year: the Mamdani administration is not holding one in 2026, the city’s Independent Budget Office reported in April.

New York, NY · 1d

multifamilyaffordablehousing.com

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Merchants Capital Structures $185M Loan for $607M Brooklyn Project

BROOKLYN, N.Y. — The New York City Public Housing Preservation Trust, a public benefit corporation created in 2022 to finance major renovations of New York City Housing Authority (NYCHA) properties, has reached its first financial closing with the $607 million modernization of Nostrand Houses. Merchants Capital structured a $185...

Brooklyn, NY · 2d

bushwickdaily.com

website

Developer files for a four-story, four-unit building on a vacant Bushwick lot at 1242 Madison St.

A developer has applied to build a four-story, four-apartment building on a vacant lot at 1242 Madison St. in Bushwick. The new-building application was filed with the city’s Department of Buildings on Friday, Nov. 6. It describes the project as a “4 story 4 family with penthouse + cellar,” and as of Nov. 9 it was in plan examiner review, according to the department’s DOB NOW filing records on NYC Open Data.

Brooklyn, NY · 1d

connectcre.com

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Simone Retains All Original Tenants at 1200 Waters in the Bronx

Simone Development Companies has completed an 8,000-square-foot lease renewal with VNS Health (VNS), formerly the Visiting Nurse Service of New York, for its Bronx regional office at 1200 Waters Pl. The agreement completes a full sweep of long-term recommitments from all three original tenants that joined the building when the Hutchinson Metro Center first opened in 2003.

Bronx, NY · 1d

cityandstateny.com

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'There’s never been a better time to be an MWBE’

Leaders in procurement for Minority and Women-Owned Business Enterprises gathered Thursday at City & State’s Diversity & Procurement Summit to discuss contracting opportunities, MWBE participation, supplier diversity, procurement trends and strategies for successfully doing business with New York government agencies. Michael Garner, chief business diversity officer of New York...

New York · 10h

Long Island Life & Politics

partner publisher · 185 followers

Long Island Trained for Energy Jobs, but Washington Needs to Let Us Build

By Anthony Villa Every morning, a construction worker on Long Island wakes up ready to work on a project that should be moving but is standing still. It's not because the work isn't needed -

New York, NY · 1d

The City Reporter

partner publisher · 8.0K followers

Mamdani Budget Floats on Wall Street Cash as Momentum Grows for New Taxes

When the City Council and Mayor Zohran Mamdani agreed on a $127 billion budget last June, the story behind the story was obvious. The numbers for the fiscal year beginning last July 1 added up to a balanced budget, thanks to a flood of state aid and some fiscal gimmicks. And the plan projected a […] The post Mamdani Budget Floats on Wall Street Cash as Momentum Grows for New Taxes appeared first on The City Reporter .

New York, NY · 1d

92.7/96.9 WRRV

partner publisher · 36.5K followers

60% Of New Yorkers Want A $30 Minimum Wage

More than half of New Yorkers say $30 an hour should be the floor. Younger workers and lower-income households are leading the push, and the reasons aren't hard to find.

New York · 3d

The Wolf

partner publisher · 32.5K followers

60% Of New Yorkers Want A $30 Minimum Wage

More than half of New Yorkers say $30 an hour should be the floor. Younger workers and lower-income households are leading the push, and the reasons aren't hard to find.

New York · 3d

Lohud | The Journal News

partner publisher · 45.6K followers

New Trader Joe's stores coming to NY: See the locations

Two new Trader Joe's stores are planned for New York, expanding the popular grocery chain's presence in the state. The California-based retailer announced plans this summer to open new locations in the Syracuse area and Yonkers as part of its latest nationwide expansion. The plans add to the company's growth in New York, which includes a Long Island store that opened earlier this year. The expansion comes as Trader Joe's continues to draw shoppers with its private-label products and competitively priced groceries. Where are the new Trader Joe's stores? According to Trader Joe's, the two planned stores will be located at: Camillus: 3515 W. Genesee St., in the Syracuse area. Yonkers: 2482 Central Park Ave. The Camillus store, located just west of Syracuse in Onondaga County, will be about 9,000 square feet and become the area's second Trader Joe's. The existing Syracuse-area store is at 3422 Erie Blvd. E. in DeWitt. The Yonkers location will cover about 10,000 square feet. When will the new Trader Joe's stores open? Trader Joe's has not announced opening dates for either New York location. Spokeswoman Nakia Rohde said new stores typically open within three to six months of being announced. Based on that timeline,

Syracuse, NY · 4d

cherryhillnewstoday.com

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Iconic Doughnut Chain Plans NJ Expansion In 33-Shop Deal

Iconic doughnut purveyor Krispy Kreme plans to open several new shops in New Jersey as part of a five-year expansion across the New York metro area. The chain, famous for its sugary, melt-in-your-mouth glazed doughnuts, said it plans to open 33 shops across the New York City metro area, including Long Island and New Jersey.

New Jersey · 6d

classicnewyorkhistory.com

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Whatever Happened to W.T. Grant Stores in New York?

W.T. Grant stores disappeared in 1976 after the once-enormous variety-store chain went bankrupt and liquidated its remaining locations. The company filed for protection from creditors in October 1975, but its attempt to continue operating failed. By the following spring, the familiar Grants signs were coming down across New York and the rest of the country. The collapse ended a business that had started with one Massachusetts store in 1906 and grown into a nationwide chain with more than a thousand locations.

New York · 7d

accountsrecovery.net

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NYDFS Updates Bank Guidance on Exempt Wages in Judgment Enforcement

New York’s banking regulator has updated its guidance on how banks calculate the portion of a judgment debtor’s account that is shielded from restraining notices and levies, replacing its 2017 method to reflect changes in the state’s minimum wage law. The New York State Department of Financial...

New York · 7d

Gothamist

partner publisher · 28.5K followers

NY opens HEAP applications to help pay for heating costs

The benefit increased this year due to rising oil and kerosene prices. [ more › ]

New York · 10d

wamc.org

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NY opens HEAP applications to help pay for heating costs

The state has opened applications for the regular Home Energy Assistance Program, which can help provide up to $1,086 to low- and middle-income households for help with heating costs. The benefits can pay for fuel, or for heating and cooling equipment. Specific benefit amounts can vary based on factors including...

New York · 10d

therealdeal.com

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Policy Pro: The NY election cheat sheet for real estate

Election Day could have major implications for New York real estate. Beyond the governor’s race, far-left and progressive candidates are making bids for the State Legislature — and one City Council seat — with platforms that seek to reshape housing development, rent regulation and tenant protections across the state.

New York · 10d