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Condo Conversions Plunge 80% After Rent Law: Report - Vimarsana News

Condo Conversions Plunge 80% After Rent Law: Report

Francis Greenburger of Time Equities (Greenburger via Michael McWeeney; iStock) Changes to New York’s rent laws dealt a severe blow to the business of condo conversions, according to a new study. In the year following the June 2019 passage of the Housing Stability and Tenant Protection Act, just five condo conversion plans were submitted to the Attorney General’s office, the lowest level since the 1960s. In the previous five years, an average of nearly 24 conversion plans were filed each year, according to a recent report prepared by the Steven L. Newman Real Estate Institute at Baruch Co...

20 things we miss about Staten Island: Restaurants, stores and more - Vimarsana News

20 things we miss about Staten Island: Restaurants, stores and more

20 things we miss about Staten Island: Restaurants, stores and more Today 8:00 AM STATEN ISLAND, N.Y. — If the coronavirus (COVID-19) pandemic has taught us anything, it’s that change is inevitable. If you’re feeling nostalgic about aspects of Staten Island that no longer exist, we don’t blame you. Whether you are a teen, an adult or a senior, there is something every generation misses about “old Staten Island.” Keep scrolling to see some of the things we miss about Staten Island. FUN BUBBLE The exterior of Fun Bubble on Staten Island. (Staten Island Advance/ Frank J. Johns) The...

Source: silive.com
National Building Museum Names New Executive Director - Vimarsana News

National Building Museum Names New Executive Director

UpdatedFri, Mar 12, 2021 at 11:01 am ET Reply Aileen Fuchs will be coming to the National Building Museum after serving as president and CEO of the Snug Harbor Cultural Center & Botanical Garden on Staten Island. (Shutterstock/Sean Pavone) WASHINGTON, DC — The National Building Museum has named Aileen Fuchs as its new president and executive director as the museum prepares to reopen this spring with a new visitor center and new exhibits. Fuchs will be coming to the National Building Museum after serving as president and CEO of the Snug Harbor Cultural Center & Botanical Garden on Staten Isl...

Source: patch.com
Remembering the epic Blizzard of '96 through photos - Vimarsana News

Remembering the epic Blizzard of '96 through photos

Remembering the epic Blizzard of ’96 through photos Updated Jan 06, 2021; Twitter Share STATEN ISLAND, N.Y. -- The infamous “Blizzard of 1996” deposited almost 30 inches of snow on Staten Island, shutting down businesses, leaving people stranded in homes and cars and crippling transportation throughout the borough. The winter of 1996 didn’t end with the blizzard. By season’s end, over 75.6 inches of snow fell, far exceeding the previous record of 63.2 set in the winter of 1947-1948. It hit NYC on the morning of January 7, 1996 and lasted for 37 hours, dropping on average 2 i...

Source: silive.com
Madison Realty Capital to Pay Toledano Tenants $1 Million - Vimarsana News

Madison Realty Capital to Pay Toledano Tenants $1 Million

Share via Shortlink From left: Letitia James, Raphael Toledano and Josh Zegen with 223 East 5th Street and 325 East 12th Street (Getty; Google Maps; Toledano by Michael McWeeney) Madison Realty Capital has agreed to give more than $1 million in rent credits to tenants of Raphael Toledano’s East Village portfolio — once it takes over the 15 buildings. The private equity firm settled claims that when it issued Toledano $124 million to acquire the properties, it knew or should have known that the landlord’s business plan hinged on aggressively and illegally deregulating apartments....