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Debating the trickle-down effect in real estate, Jeff Bezos scoops up 3 condos for $80 million, & more

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Questing the trickle down effect of real estate: Does building more market-rate apartments help make older buildings more affordable? (citylab.com)

The landmark neo-Gothic building 212 Fifth Avenue has sold all of its condos with Amazon’s Jeff Bezos paying nearly $80 million for three units there (press release, The Real Deal via the Wall Street Journal)

Democrats in the New York State Senate appear confident they have enough votes to pass all nine housing reform bills (qns.com)

The city’s four-year ban on converting hotel rooms to apartments expired (The Real Deal)

There’s an acute lack of childcare centers in the city says Comptroller Scott Stringer, who wants to subsidize child care for NYers (Bklyner.com)

A double-wide townhouse on East 67th Street has sold for close to $80 million, a record price for a residential townhouse in NYC (New York Post)