Erik Engquist
Senior Managing Editor at The Real Deal
Senior managing editor/The Real Deal. Previously at Crain's New York Business, 2005-19. Journalist since 1991.
Articles
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1 week ago |
therealdeal.com | Erik Engquist
Co-op and condo boards facing big penalties from Local Law 97, the carbon emissions cap, experienced a surge of optimism last year when Queens Council member Linda Lee introduced a bill last April to soften the blow. “Intro. 772, which would affect about 10 percent of the 50,000 buildings covered by Local Law 97, has strong backing among other members of the City Council,” declared Habitat, a publication focused on co-ops and condos.
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1 week ago |
therealdeal.com | Erik Engquist
This will come as a shock: Readers of my recent piece about rental voucher bureaucracy offered horror stories of their own. Before I get to them, a disclaimer: Even the best systems sometimes fail. With as many vouchers as the city hands out, some transactions are going to be botched. The real estate industry strongly supports rental vouchers, and many buildings depend on them as a reliable source of rent.
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1 week ago |
therealdeal.com | Erik Engquist
A New York City apartment building owner steeped in the wacky world of rent stabilization helpfully suggested on X that Attorney General Letitia James ask the state to determine if her Fort Greene rental building should be rent-stabilized. The Office of Rent Administration at the Division of Homes and Community Renewal would be happy to do it, he chirped.
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2 weeks ago |
therealdeal.com | Erik Engquist
Developers and architects are busy coming up with ways to maximize the value of their sites — predominately by conforming new apartment projects to a de facto 99-unit limit. Splitting what should be large developments into smaller ones is not a very productive use of their talents and resources, and will result in more expensive housing. But they must play the cards Albany dealt them when it passed the 485x tax break.
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2 weeks ago |
therealdeal.com | Erik Engquist
“Seek help.” Aaron Carr to opponents of senior housing Two volunteers for Assembly member Zohran Mamdani’s mayoral race knocked on Nina Roberts’ door seeking her vote. She engaged the canvassers in conversation but rejected their candidate. Why? Not because Mamdani is a socialist who promises to freeze rents. Roberts posted her objection on X: Mamdani does not support the Elizabeth Street Garden’s refusal to vacate city land designated for an affordable housing project.
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The NYS hardship program for landlords will drive you mad, if you're one of the few brave enough to apply. https://t.co/wgmKK0ohrD
Newsday: Mostly she lets the leaves sit on the ground; they are a natural fertilizer, after all. “Mother Nature is pretty smart, she knows what she’s doing,” Sager said. “We tend to mess things up.” https://t.co/8XelzndVsK
What questions should I ask about the mayor's race and NYC politics in general at my panel discussion tomorrow with @AndrewYang , @rdpeeblesjr and Marc Norman of NYU Schack? https://t.co/x98KBBJCQG