New York CIty Council Member Ben Kallos

AM New York The secret to making money on NYC real estate by Mark Chiusano

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

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