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On University near 10th…the most expensive personal grooming products on Earth.

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  • NYC Sends Wrong Property Tax Abatement Info

    ByDon

    PLEASE READ: YOU MAY HAVE RECEIVED A LETTER FROM THE CITY IN ERROR:
    Tens-of-thousands of city residents eligible for a popular condo and co-op tax break have received letters from the city incorrectly stating that they no longer qualify, according to city civic and co-op board leaders.

    Late last week, co-op and condo owners began receiving the letter from the city Department of Finance stating that a revamped condo and co-op tax abatement bill passed by the Legislature in January meant they could not collect it. “Our records show that this unit is not your primary residence, so your abatement will be phased out,” the letter states. The new legislation only allows owners to claim the tax break on their primary residence, and no longer allows the break on secondary homes.

    The problem was that many people received the letter at their primary residence—which is indeed still eligible for the full break, according to Warren Schreiber, co-president of the Co-Op and Condo Council in northeast Queens. Mr. Schreiber said in his own co-op of about 200 residences, some 45 people had received the letters— about 35 of whom actually count those units as their primary residence. That could make a difference of about $1,000 per unit on upcoming bills if not corrected, he said.

    “Some people have been in their homes, 20, 30 or 40 years and are getting these letters,” said Mr. Schreiber. “I think what happened is that the Department of Finance’s records are out of date, but it’s causing a lot of confusion and chaos.”

    Nearly two years ago, Finance Commissioner David Frankel acknowledged the department had erred on 15,000 property bills the city mailed that July because of a “computer glitch.”

    But in this case, a Department of Finance spokesman said the agency had used available data to determine which of the city’s 360,000 condo and co-ops would qualify for the abatement, and automatically enrolled 230,000 of them. In instances where there was not enough information, the agency sent out 130,000 of the letters to homeowners saying were not eligible for the tax break.

    Mary Ann Rothman, the executive director of the Council of New York Cooperatives & Condominiums, said she too had been contacted by several people who have received the letters—despite simultaneously receiving the state’s STAR tax rebate on the same property, which can only be claimed at one’s primary residence.

    Still, she defended the city Department of Finance, arguing that it was simply sending the letters out to the large number of co-op and condo owners in an effort to make sure the city’s records were correct under the revamped program.

    “This is making people nervous, but you have to remember that this is a total change in the way that the abatement is administered,” she said.

    The letters the city sent to co-op owners directs them to send a form to an address in Maplewood, N.J., verifying that they are in fact receiving the abatement on their primary residence. The form is due on April 1, and city tax bills reflecting whether the abatement will still be granted will go out in June. Those no longer eligible for the abatement would retroactively have to pay 50% of the normal break in July, and would stop getting it altogether in July 2014.

    But Mr. Schreiber said he was concerned that elderly property owners, those with disabilities or those who live elsewhere for the winter, would have their tax break incorrectly pulled.

    The parameters of the new condo and co-op bill were originally hashed out in June 2012, but Gov. Andrew Cuomo at that time decided not to issue a message of necessity circumventing a three-day waiting period to pass it before the end of the legislative session. As a result, the city Department of Finance decided essentially not to collect hiked condo and co-op taxes under the expectation that the legislature would eventually pass the agreed-upon bill—which it finally did this January.

    The revamped program offers greater benefits to middle-class owners, raising their tax abatements from 17.5% to, 26.5% next year and 28% in 2015 for properties whose average assessed value is less than $50,000. Units valued at more than $60,000 would get abatements of 17.5% over the next three years. Other previous aspects of the program—including one that allowed real estate speculators to claim abatement for secondary residences—were eliminated.

  • Union Square BID Reports Recent Pandemic-Related Business and Transit Statistics

    ByDon

    According to transit data from MTA and Citi Bike, Union Square continues to be one of the City’s top destinations for employees, residents and visitors alike. While subway ridership remains low across the system, currently 20% of normal use, turnstile activity at the Union Square-14th Street station has tripled since April.

    Similarly, bus ridership on the M14A/D busway is gaining momentum as average daily bus ridership has tripled since its low point in late March, reaching nearly 60% of pre-COVID daily ridership levels. For those visiting the district by Citi Bike, Broadway and 17th Street remains one of the City’s top 10 destination stations and ridership is up 45% since April. Another popular end station, Broadway and East 14th Street has experienced a 57% increase in use since April.

    Other indicators are up too. Union Square’s public Wi-Fi use is up to 42% from 15% at the start of the pandemic, signaling an uptick in outdoor activity. The district’s active public realm can be attributed to the draw of the Greenmarket, the expansion of outdoor dining activating sidewalks and roadways, and the reopening of local business that attracts steady foot traffic across the district.

    Union Square’s zip codes (10003, 10010 and 10011) make up 16% of Open Restaurants applications in Manhattan with the City’s highest number of applications located in 10003! Within Union Square-14th Street, nearly two thirds of businesses are conducting storefront activity and this number continues to grow as additional businesses and cultural institutions are making exciting plans to open their doors with events and programming as soon as it is safe to do so.