Latest News

The City of Yes represents a once-in-a-generation opportunity to reshape NYC’s housing market. By modernizing outdated zoning laws, incentivizing affordability, and reducing unnecessary costs like excessive parking requirements, this initiative paves the way for smarter, more sustainable development. At Landair Property Advisors, we are excited to help sellers navigate this evolving landscape, ensuring that they capitalize on the opportunities created by this landmark rezoning.

In an exciting development for New York City's economic landscape, the "City of Yes for Economic Opportunity" (COYEO) initiative has been adopted as of June 6, 2024.

In the dynamic landscape of New York City real estate, understanding the intricacies of Inclusionary Housing (IH) and the new 485x tax abatement is essential for developers. These programs are designed to balance development with affordability, ensuring that new projects contribute to the city's housing needs.

With the enactment of the FY 2025 Budget, the real estate development landscape has progressed dramatically. This comparison between New York's 421-a and 485-x tax abatement programs aims to outline their distinct frameworks and implications for developers. It highlights the differences in eligibility, benefits, and compliance requirements of each program, emphasizing how they affect rent stabilization and the transition to market rates post-abatement. The analysis serves to aid developers in selecting the appropriate program based on the scale and objectives of their projects.

Here’s a deeper dive into what Sliver Law is, how it applies, and its implications for property development in New York City.

New York City's "City of Yes" initiative represents a bold stride towards addressing the long-standing issues of housing shortage and high living costs in the metropolis. With a sweeping set of zoning text amendments proposed by the NYC Department of City Planning, the initiative aims to invigorate the city's housing landscape by fostering a more inclusive and adaptable urban environment.

NY State Legislators have come to an agreement on a 2024 fiscal year budget that includes a massive new housing plan.