New Developments in the News
MARCH 28, 2011
Russian composer scores priciest condo; Sen. Majority Leader would axe rent regs
Russian composer and media mogul Igor Krutoy and his wife, Olga, just closed on a $48 million condo in the Plaza, allegedly the most expensive single condo unit ever purchased New York. Krutoy reportedly lost out on earlier bids for apartments in the Time Warner Center and 15 Central Park West—including the apartment currently being rented by Yankee Alex Rodriguez—before buying the 6,000 foot, 12th floor home at the Plaza.
New York State Senate Majority Leader Dean Skelos has rejected all but the most basic parts of current tenant protections up for renewal on June 15, jeopardizing stabilized rents for more than a million of the city’s housing units. This position could lead to a standoff over the vote, as city democrats have demanded the repeal of certain decontrol laws before the legislation is renewed. Governor Cuomo also favors the price controls. A similar showdown led to the 1997 addition of “vacancy” and “luxury” decontrol to rent regulations.
ALSO IN NEW YORK CITY INSIDER
- 30 Park Place Vs. The Baccarat Hotel and Residences - JUL 8, 2014
- This Week in NYC Living - JUL 1, 2014
- Notable NYC Neighbors - JUN 26, 2014
- Great NYC Buildings: New in the Heights - JUN 23, 2014
- Notable NYC Neighbors - JUN 20, 2014
- Notable NYC Neighbors - JUN 17, 2014
- Building Vs. Building - JUN 9, 2014
- Notable NYC Neighbors - JUN 6, 2014
- Notable NYC Neighbors - MAY 23, 2014
- Notable NYC Neighbors - MAY 15, 2014
- Great NYC Apartment Buildings: 12 East 13th Street vs. 22 Central Park South - MAY 13, 2014
- Notable NYC Neighbors - MAY 7, 2014
- Notable NYC Neighbors - MAY 1, 2014
- Upping the Architectural Ante in NoHo - APR 22, 2014
- Great NYC Buildings: Brooklyn's Gold Coast Living - APR 15, 2014
- Notable NYC Neighbors - APR 11, 2014
- Building vs. Building - APR 10, 2014
- Notable NYC Neighbors - APR 2, 2014
- This Week in NYC Living - APR 1, 2014
- Notable NYC Neighbors - MAR 26, 2014
- View Articles By Date