State Sen. Brad Hoylman-Sigal has lengthy spoken out concerning the want for extra models to deal with New York Metropolis’s inexpensive housing disaster — however has consolidated a number of properties in an expensive co-op to create a multimillion-dollar house for himself.
Between 2006 and 2016, Hoylman-Sigal and his husband mixed three Greenwich Village residences to type their 2,000-square-foot pad. There isn’t a market worth listed for the house, although with three bedrooms and three baths, the sale value would probably be within the tens of millions.
Hoylman-Sigal is an advocate for tenants’ rights, slamming lease will increase for rent-stabilized tenants and talking out concerning the metropolis’s low emptiness fee. He’s at present working for Manhattan borough president towards Keith Powers, a present Metropolis Council member.
On a 2019 podcast, Hoylman-Sigal, who represents a lot of the West Aspect of Manhattan, talked to host Jason Haber, an actual property entrepreneur, concerning the metropolis’s inexpensive housing downside. Haber stated that consolidating models chips away on the metropolis’s housing inventory and introduced up an instance of a rich New Yorker who mixed 9 residences to type a single enormous luxurious dwelling.
Hoylman-Sigal agreed, explaining it makes monetary sense for ultra-wealthy Manhattanites to purchase a number of occupied models and merge them into mansions. He lamented this apply would power extra rent-stabilized tenants out of their properties.
“On my block alone, on 10th St., there’s a software entrepreneur who’s combining not one, not two, but three townhouses,” Hoylman-Sigal stated, in an obvious reference to Sean Parker, a Fb co-founder.
“It may be one of the largest townhouses in the Village by the time he’s through with it. And I can’t imagine to think how many families were pushed out of that residence over the years when he assembled this massive property. So it’s a sad reality.”
Parker’s mixture of the three mansions made headlines in 2016, though it doesn’t seem he pushed any tenants out along with his purchases.
Caroline Crowell, Hoylman-Sigal’s marketing campaign supervisor, cited his document on housing.
“In 2024, he helped secure more than 500 additional units of supportive and affordable housing in his [state] Senate district — in that same period, his opponent secured a paltry nine units in his Council district,” Crowell stated. “The idea that the apartment he and his husband own in the Village has anything to do with Brad’s record on increasing affordable housing is an absurd political hit.”
The state senator additionally stated he doesn’t at present reside within the house, as he moved final yr because of redistricting that shifted the bounds of the forty seventh District, which he represents.
Initially Revealed: June 1, 2025 at 4:48 PM EDT
