Hundreds of tenants at London Terrace Gardens, a residential complex in Chelsea, are entitled to rent reductions thanks to a court battle based on the new rent reforms (press release)

Central Park Tower, located at 217 West 57th St., officially topped out at 1,550 feet, breaking the world record for the tallest residential building that was previously held by 432 Park Ave. (6sqft)

Transit chief Andy Byford wants to close Brooklyn Heights's Clark Street Station, serving the 2 and 3 lines, for eight full months to fix its problematic elevators (Gothamist)

President Trump's childhood home in Jamaica Estates is heading back to auction after it failed to sell for $2.9 million earlier this year (The New York Times)

Five investors were arrested for a scheme that flipped homes at risk of foreclosure into luxury listings featured on Bravo's "Million Dollar Listing New York" (Buzzfeed News)

Activists protested Mayor de Blasio's affordable housing plan at a Brooklyn Heights luxury building where studios renting for $2,947 a month are considered "affordable housing" (Bkylner)