Developers accused of fraud, one in 10 stabilized units vacant, & more

By Emily Myers | October 20, 2022 - 10:30AM

Six developers in Brooklyn are accused of cheating the 421-a property tax program and fraudulently receiving more than $1.6 million in benefits (The Real Deal)

An estimate of over 60,000 vacant rent-stabilized apartments likely understates the true number, which could be closer to one in 10, or 88,830 units (The City)

Broker commission rates vary widely within the five boroughs on a scale not seen in other cities, where standard rates are 5 or 6 percent (press release)

Co-ops get updated guidelines for how to access clean energy loans in order to comply with Local Law 97 requirements (Habitat Magazine)

Staff at the luxury Tribeca condo building 108 Leonard St. are on strike in a dispute over pay and benefits (New York Post)

The 13-year path towards getting 112 affordable rental apartments in Hell's Kitchen (Curbed)

Emily Myers

Senior Writer/Podcast Producer

Emily Myers is a senior writer, podcast host, and producer at Brick Underground. She writes about issues ranging from market analysis and tenants' rights to the intricacies of buying and selling condos and co-ops. As host of the Brick Underground podcast, she has earned four silver awards from the National Association of Real Estate Editors.

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