NY con man who ‘sold’ fake condos must pay $4.2M back, plus interest
New York’s long running Bay Ridge condo scandal has reached a turning point, with a court ordering landlord Xi Hui “Steven” Wu to repay more than $4.2 M to the immigrant families he deceived. The ruling forces the man who “sold” nonexistent or illegal apartments to finally return $4.2 Million, plus interest, to...
Mamdani suddenly freezes housing push as budget holes explode
New York City Mayor Zohran Mamdani swept into office promising an aggressive housing agenda, from a sweeping rent freeze to a crackdown on what he cast as a “rent ripoff.” Now a yawning budget gap has forced him to slam the brakes on that push just as expectations from tenants and landlords peak. The collision... ...
Here’s How Much You Need to Retire in New York at 65 — It’s...
Retiring in New York has always been a bit of a flex. The bagels, the culture, the healthcare, the energy—it’s hard to imagine spending your golden years anywhere else if you don’t choose to flee to a nearby retirement town . But according to a new financial analysis, that dream comes with a very real price tag, and...
The Daily Dirt: Brookfield fund plunges in value
Investors in a Brookfield Opportunity Zone fund that invests in New York and Connecticut real estate have been absolutely crushed, but don’t know why. The fund, Brookfield Opportunity 71IV7, had an internal rate of return of negative 18.3 percent through the third quarter of last year. Since mid 2019 it had lost 71...
Council Lets Eric Adams’ COPA Veto Stand, and What Else Happened this Week in...
Council progressives had hoped they could convince fellow lawmakers to override former Mayor Adams’ veto and pass the Community Opportunity to Purchase Act. But new Speaker Menin, who abstained from voting on COPA last year, declined to call it for an override vote, effectively killing it—for now. A...
NYC Subway Performance Hit An All-Time High In Late 2025: Here’s Why Subway Riders...
Happy Friday, New Yorkers ! That’s definitely one reason to smile on your commute today. Speaking of which , have you noticed that your fellow subway riders have been more chipper in general lately? Okay, okay, maybe not in this weather . And even so, it would be a little hard to tell with everybody bundled up,...
Governor Hochul Urges New Yorkers To Stay Prepared As Bitter Cold Streak Continues
Governor Kathy Hochul today urged New Yorkers to stay prepared as the bitter cold weather impacting the state continues into its third week. Through the weekend, below normal temperatures and gusty winds will result in statewide feels-like temperatures below zero, bringing increased risks of hypothermia and frostbite...
Hochul peeved by Mamdani’s ‘tax the rich’ demands as he claims NYC faces $12B...
Kath is mad at Zoh’s tax math. Mayor Zohran Mamdani’s “tax the rich” refrain is getting on Gov. Kathy Hochul’s nerves — with sources saying she views his warnings that the city faces a $12 billion budget hole as an underhanded ploy to push his socialist dreams. Hochul’s circle believes the sky-is-falling fiscal...
HSBC wins timing appeal, loses statute case in same-day New York rulings
HSBC won one foreclosure fight and lost another on January 28, giving mortgage servicers a roadmap and a warning about New York's tougher rules. New York's appeals court handed down two decisions that Wednesday that every foreclosure shop needs to understand. They show exactly where the new Foreclosure Abuse...
Continued cold weather leads to more racing cancellations at NYRA’s Aqueduct
Cold weather in the New York area has led to the cancellation of racing on Saturday at Sunday at NYRA's Aqueduct Racetrack in Queens.
