Local lawmakers took a major step toward solving New York Citys housing crisis by approving a rezoning initiative called the City of Yes for Housing Opportunity.
Trophy properties under contract in New York City include several penthouse condos where buyers are treated to spectacular views.
New York City Council approved a rezoning plan on Dec. 5, clearing the way for 82,000 new apartments and $5 billion in infrastructure and housing development over 15 years.
What is Rezoning? Rezoning means changing the zoning district of a given property or area by making an amendment to the city zoning maps. In NYC, this application is filed with the Department of City Planning (DCP). When you change the zoning map, the regulations of the new zoning district apply.
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One of New York City's first skyscrapers will open its rooftop to the public for the first time this summer. Mayor Zohran Mamdani on Monday announced that the David N. Dinkins Municipal Building, the grand Beaux-Arts government building at 1 Centre Street...
