NYC isn’t building enough residential density near transit: report To match proposed legislation in California, the city would have to largely inc新爱上海同城对对碰论坛 
rease building heights
Areas of NYC that could accommodate more housing density
(Credit: Regional Plan Association; Click to enlarge)
New York City isn’t taking full advantage of its transit infrastructure when it comes to housing density along transportation routes, according to the Regional Plan Association.
Officials in California have爱上海龙凤419桑拿 
proposed a bill to deal with the state’s housing shortage that would require at least eight-story buildings on wide streets that lie within a five-minute walk of transit, 上海千花网论坛 
and buildings at least four or five stories tall on narrow streets that are up to 10 minutes from the nearest stop. If that law were applied in New York, the RPA found that 85 percent of the city would need to increase density in order to comply, Crain’s reported.
“New York’s zoning isn’t as transit-friendly as you might think,” authors Moses Gates and Sarah Serpas wrote in an RPA blog post.
Large swaths of Brooklyn and Queens have densities that are far too low, considering their access to high-quality transit, the RPA found. Sections 上海贵族宝贝论坛 
of Midwood and Forest Hills, for example, only allow for single-family homes, despite their proximity to express subway stops.
“Not allowing more homes where they make sense — near jobs and transit — means we either have to build them where they don’t make sense, or not build them at all,” the RPA authors wrote. “Either way, it leads to worse commutes, more crowding and a more expensive and less livable ci上海贵族宝贝交流区 
ty.”
The RPA earlier this year released a report recommending repealing a 1961 state law that limits the square footage of residential buildings to a floor-to-area ratio of 12. The State Senate earlier this week introduced a bill eliminating the limit, though it faces long odds in Albany. [Crain’s] – Rich Bockmann
Tags: Development, infrastructure, regional plan association, Residential Real Estate
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Madison Square Garden, and Andrew Lustgarten (Credit: Getty Images, iStock, and MSG)
ublic information” on the matter, MSG spokesperson Kimberly Kerns told The Real Deal.
g the stadium a 15-year extension. And his administration offered a sweetener: It proposed a provision that would allow MSG to stay in perpetuity if the company com
mitted to making improvements to Penn Station access, which would require approval by the City
Planning Commission.
d Continental Ventures. The developers — which paid $50 million for the assemblage in 2015 — had planned a 103-unit building that spans 113,000 square feet at the site. Minrav is expected to follow through on Itzhaki and Continental s permits to build a 34-story tower. The latest filings with the Department of Buildings show that Minrav has since amended the plans to add a 35th floor.
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treet. The two sides reached a settlement in Ma
rch.
the rate of decline dropped in each successive quarter. “The market seems to be resetting to something more sustainable,” said Jonathan Miller, CEO of appraisal firm Miller Samuel. The outer boroughs haven’t been immune to the slowdown. A Real Estate Board of New York analysis found that total residential sales consideration fell in three of the five boroughs year-over-year, with only Staten Island and the Bronx seeing gains. Sales fell in both Brooklyn and Queens in the fourth quarter, but record-level prices did not. In Brooklyn, sales dipped 5.8 percent, while the median price inched up 1.9 percent, to $785,000. Elliman noted that in Queens, the median sales price rose 1.6 percent, to $568,000, as the borough’s average luxury sales price set a record at $797,330. “Queens is still benefiting from the Brooklyn spillover,” Miller said.
aced issues due to being self-employed. “There is a lot of money out there, and there’s lots of money in lending it,” she said. “The loosening is on the income side.”
und porch and a guitar-shaped pool. The property, listed with Douglas Elliman, also has a separate artist studio with its own bathroom above a two-car garage. A new construction, six-bedroom home listed with the Corcoran Group at 881 Deerfield Road recently sold for $4.6 million, according to 27east, which also reported earlier this month on the $2.6 million sale of lat
e British filmmaker Anthony Harvey’s home at 134 Kellis Pond Lane. Harvey, known for editing Stanley 
Kubrick’s adaptation of Vladimir Nabokov’s “Lolita,” died at 87 in November 2017. [27east]
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