clock menu more-arrow no yes

Filed under:

Blighted Buildings

New, 5 comments

About 442 buildings in central Brooklyn, the South Bronx, and Harlem are in default on their property taxes and unable to keep up with expenses. The buildings might also be experiencing some deja vu: they were originally seized by the city after defaulting on property taxes and were then resold to tenants, non-profits, and developers in the 1990s. The city refuses the take the buildings back, and the only other options are to foreclose or force the current owners to pay their debts. Good luck with that! [NYT]