Rezoning for more housing costs developers a fortune: report – Robert Khodadadian

Rezoning in New York City will cost you — adding as much as $45 million to a high-rise apartment project. That is according to a new report by the Citizens Budget Commission, which recommends changing the city’s review process to cut down on time and money spent by developers and reduce the cost of housing. The report, which examined 171 private zoning applications filed between 2014 and 2017, found that the median time for a

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, Politics, Affordable Housing, Rezonings, ulurp The Real Deal New York Read More

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