City puts $14B price tag on rectifying illegal basement apartments – Robert Khodadadian

Getting illegal basement apartments up to code is going to run up more than the Big Apple a large chunk of change. City Hall estimated it would take $13.7 billion to get the roughly 50,000 units up to code, the New York Post reported. The price tag is part of a draft report making its way to the federal government for a $188 million aid package after Hurricane Ida killed at least 13 people and

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential real estate, basement apartments, Climate Change, Hurricane Ida, Politics The Real Deal New York Read More

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