Around Brooklyn: Commercial tenants fall behind in rent
Commercial tenants fall behind in rent
Across New York City, commercial tenants, such as retail stores, are falling behind in rents in unprecedented rates, according to the New York Times. The decline in commercial rents has stripped many landlords of their largest source of income every month, the Times said. The drop in rental income threatens some landlords’ ability to pay property taxes. The Community House Improvement Program, which represents about 4,000 landlords of rent-stabilized apartment buildings, said last week that among its members who also have commercial tenants, two-thirds of those tenants did not pay rent during the last two months.
Construction site collapse injures two
Two people were hospitalized after a collapse at a construction site collapse in Brooklyn on Thursday, PIX11 reported. Officers said firefighters responded to the scene at 375 Flushing Ave. in south Williamsburg just after 8 p.m. on Thursday. Two people were taken to a local hospital, the FDNY said.