https://streeteasy.com/building/one-madison

Normally developers like to have sell out be 2x hard and soft costs when underwriting a deal. The numbers don’t always work out that way (overruns, market conditions etc) but that’s the pro forma

Hi, truck gets loaded up at the warehouse based on a route. More stops can be added to the route, a real tangible increase in productivity and commerce. Truck capacity is rarely an issue. If you have a simple office job or service job where you don’t have any sort of exposure to these sorts of deliveries or commerce, I understand how it might be difficult to conceptualize, but in aggregate these make a majority of deliveries by weight and volume, not Amazon boxes and door dash, which may be more visible to laymen.

Right, just because they’re “set” doesn’t mean they can’t be unset and reset. In one of my previous careers I regularly had to book van couriers for deliveries. That business could potentially be more efficient. In my current business I have deliveries made in NYC from a warehouse in Connecticut. That happens whenever I need to order materials, it’s not “set”.

I don’t think “throwing more money” will fix the MTA, but I do think less money will make things worse. I do think there is an enormous amount of deferred maintenance that makes things more expensive to run.

I do think people respond to tolls by driving less. I know I do.

>You think that all deliveries in the city are made with trucks?

Congestion pricing will be a boon for deliveries. Delivery drivers will be able to make more deliveries with less private cars congesting the roadways

>NOTHING in return for the average NY’er.

how about less congestion in Manhattan (and probably Brooklyn, Queens, and The Bronx) and more dedicated funding for the transit system that a majority of New Yorkers use?

Yes, and that’s a bad thing. surely it should be easy for someone like that to find an apartment in a healthy housing market, wouldn’t you agree?

No. There is no funding mechanism. Is it a “market distortion”? By limiting rent increases, surely, yes, but it’s not subsidized by the state or the city or federal government or anyone else. Also rent stabilized does not necessarily mean that the maximum legal rent is less than the market rate rent. There are many RS apartments whose rent is close to market rate (on average, they’re well below).

Annex the rest of the original borders of Queens County (Nassau) and make it into a new borough. Nassau county is far denser than Queens was at consolidation.

This is a part of New York City proper.

Upstate towns with prisons probably have higher rents than those that don’t even have any major employer like that

The success and profitability of AirBnB is due to the demand for lodging, temporary and permanent, shadowing the small amount of supply. If apartments (and hostels, SROs, and other options) were abundant and plentiful and easy to come by, then far fewer people would be using AirBnBs as temporary housing.

You can’t deduct money you don’t earn. It’s not writing off an unpaid invoice using the accrual method. You can’t invoice a tenants that’s not there.

LLCs are pass-through entities, if the landlord owned the building as a direct partnership or in their own name (no incorporation), it would not affect their tax status or rate.

There are 3.5 million units of housing, there should be more, so much more that vacancy rises above 10% and rents start to collapse like they did in Fall 2020.

Given the vacancy rate in NYC is very low (<1%-3% over the last decade or so), this won’t actually do anything to make it easier to find an apartment for anyone and might just make it harder (by introducing more rules and more small landlords who have more time to be busybodies over micromanaging their tenants in their 10 apartments).

More restrictive zoning laws will make the city worse and more difficult to find lodging, both permanent and temporary. They just made it more difficult to build hotels a few years ago (NYC had a huge hotel construction boom… and corresponding boom in tourism). There is a shortage of lodgings, both permanent and temporary, which has manifested itself in AirBnB being very profitable for some people (it shouldn’t be)