New York’s annual Worst Landlord List, initiated by former Public Advocate (and now second term mayor, Bill de Blasio) was announced today by the current Public Advocate, Lititia “Tish” James. Jonathan Cohen/Silverstone Properties, with 188 units and 1,090 HPD violations, topped the annual Worst Landlord List, as Ms. James made the announcement flanked by several tenant advocacy groups such as Los Sures, CASA, Make the Road, and The Legal Aid Society.
I had the opportunity to spend an extra $2.75 transferring from the D to the J train this afternoon, and in the process got an idea for what’s happening on Delancey Street and Bowery. The Lower East Side is undergoing an extraordinary amount of construction, headlined by the controversial One Manhattan Square, and of course, Essex Crossing.
A charming piece of prewar history gave its life for yet another monolithic glass residential box. Owner VS 125 LLC is making headway on its 72 story skyscraper, as construction has moved past the fourth floor and construction crews prepare work on the 5th floor. Only 67 stories to go!
Yet another massive commercial to residential conversion is underway in the Financial District, although the trend of conversions is nothing new. Perhaps the most remarkable of them all the Woolworth Building conversion, offering multi-million dollar condos carved out of marble (no affordable options).
45 Broad Street
Construction at this soon to be 1000+ foot supertall residential skyscraper is making progress clearing debris in preparation for foundation work. But there doesn’t seem to be much information regarding affordability. Owned by Madison 45 Broad LLC, New York City Department of Finance (DOF) records do not show any 421-a tax abatement for this property that would convey rent stabilized status, while ACRIS records do not indicate any affordability regulatory agreement with HPD. But I’m sure the views are spectacular!