1887: Health department clamps down on speculative tenement market The New York City Health Department spearheaded a crackdown on speculative real estate investors 131 years ago this month. Health commissioner James Bayles launched the initiative by asking the city’s mayor, Abram Hewitt, to let his department file lis pendens against building owners who violated tenement construction rules, the New York Times reported. The measure, Bayles maintained, would alert future buyers of a building’s violations before the […]
source https://therealdeal.com/issues_articles/this-month-in-real-estate-history-134/#new_tab
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