NYC ran a small basement legalization pilot in East New York/Cypress Hills that proved only that homeowners can’t actually legalize their basements for less than like $250K—and often not at all—without changes to state law More: gothamist.com/news/absurd-ru… gothamist.com/news/nyc-basem…
NYC ran a small basement legalization pilot in East New York/Cypress Hills that proved only that homeowners can’t actually legalize their basements for less than like $250K—and often not at all—without changes to state law More: gothamist.com/news/absurd-ru… gothamist.com/news/nyc-basem…
@DavidFBrand NYC has already done these type of conversions w/ the Loft Law. Cost of conversion is a problem, but how do you protect the existing tenants? Once a basement is legal, the owner charges whatever the market will bear? Thus evicting the original tenant who put up w/ the illegality?