The secret to making money on NYC real estate
DCAS is in the process of revamping the review process to include more public review. Right now, the main notification is a brief appearance in the City Record, which you can view here for some light reading.
A fix is necessary to stop those looking to make a killing on land, that most precious NYC quantity. Besides profits there are a few other things we need in NYC — truly plentiful and affordable housing, schools and homeless shelters, as Councilmember Ben Kallos noted at Friday’s hearing.
It would be a shame for none of those needs to be addressed on plots that were intended to be preserved.
But those are the current rules of the game.
Issues