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Total Assessed Value of New York City Properties Surpass the $1 Trillion Mark; Is this Good News or Bad News for Property Owners?

New update from the Finance Department shows how lucrative NYC properties are especially real estate in Brooklyn. Will these be good news for property owners in the city?

Too Cold to Go Out? Stay Warm with Indoor Home Improvements

Here are a few home improvement projects you can include in your New Year's resolutions. Don't let the cold bother you! Even if it's freezing outside, you can warm up with handy home improvements, an article from Inforum.

New York City Seizes 75,000 Square Feet of Beach in Coney Island

New York City, under the administration of Mayor Bill de Blasio, will grab 75,000 square feet of boardwalk property in Coney Island as part of a long-delayed economic development in the area.The eminent domain seizure includes three beachfront properties and two smaller properties located on West 12th and West 23rd, which totals to 75,000 square feet. The city failed to strike a "fair-market" deal with the owners but managed to secure the seizure of a 60,000-square-foot land that once housed the famous "Thunderbolt" wooden roller coaster which was featured in the movie "Annie Hall" but was demolished in 2000. The said plot where the rollercoaster once stood is owned by screenwriter Peter Shaffer.