Tag landlords

Chelsea Now: Vacancy Tax Would Fine Landlords Who Let Storefronts Languish

By Dusica Malesevic, May 1

As the specter of empty storefronts continues to haunt the city, Mayor Bill de Blasio’s floating of a possible penalty for landlords who leave properties vacant for long periods of time has been greeted by elected officials and advocates as an encouraging sign.

“I’m heartened [by] City Hall’s attention to the issue and the mayor’s personal interest,” State Senator Brad Hoylman said in a phone interview late last week.

On March 30, de Blasio told WNYC, “I am very interested… in fighting for a vacancy fee or vacancy tax which would penalize landlords who leave their storefronts vacant for long periods of time in neighborhoods because they are looking for some top-dollar rent, but they blight neighborhoods by doing it…”

He added, “That’s something we could get done through Albany.”

A vacancy tax falls under the state legislature’s purview.