A report by the Council of New York Cooperatives & Condominiums recommends ways to help reduce costs for what it says is one of the last strongholds of affordable homeownership.
A spokesperson for the city’s Department of Buildings said the “enforcement sweeps” are part of its ongoing investigation into the cause of column bending in an office-to-residential high-rise.
Experts say the structural failure at the Pfizer Building could cause financial problems and a lingering stigma — but that the city’s housing shortage means renters will probably move in anyway.