Horizon Investing Horizon Investing
  • Testimonials
  • Advantages
  • Assets
  • Sectors
  • Communities
  • Investor Login
    • Investor Portal Training Documents
  • Tour Of Excellence
  • Testimonials
  • Advantages
  • Assets
  • Sectors
  • Communities
  • Investor Login
    • Investor Portal Training Documents
  • Tour Of Excellence

New York’s highest court on Tuesday upheld the city’s ability to charge owners a fee when converting apartments reserved for artists, reversing a lower court’s ruling that the practice was unconstitutional.  The New York Court of Appeals, in a 6-1 decision, found that a state Appellate Court wrongfully concluded that a portion of the 2021 Soho and Noho rezoning violated the Fifth Amendment’s takings clause.  As part of the rezoning, new rules were applied to so-called Joint Live-Work Quarters for Artists, which are reserved for artists certified by the city. Owners of such units must pay $100 per square foot […]

This article originally appeared on The Real Deal. Click here to read the full story.

Posted in: Uncategorized Author:

Leave a Reply / Cancel Reply

© Copyright 2026 Horizon Investing / Powered by WordPress