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Tense hearing on building fines, broker fee bill stalls, & more

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By Jennifer White Karp  |
October 27, 2023 - 3:30PM
Under the elevated train tracks in Jackson Heights, New York City.

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This week, readers were interested in Brick’s recap of a heated public hearing held online that discussed relaxing fines for Local Law 97. A proposal for buildings that make a “good faith effort” to comply with the law would exempt them from penalties, and earlier this month, two city council members introduced a bill to limit the law’s enforcement.

Also of interest: Brick spoke to City Council member Chi Ossé about the fate of his broker fee legislation.

Here are this week's top five posts:

1) Changes to Local Law 97 fines debated at tense public hearing

2) City Council bill to shift broker fees to landlords unlikely to pass this year

3) Hudson Yards tops list of NYC's 50 priciest neighborhoods yet again

4) The pros and cons of buying a penthouse apartment

5) What you can get for $1 million in Long Island City, where your dollars go farther and commuting is easy

From our sponsors:

Local Law 97 kicks off this January. Is your building on track? Part I: Overview [sponsored]

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Jennifer White Karp

Managing Editor

Jennifer steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in New York City real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.

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