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More Illegal Hotels

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

While many developers are now renting out unsold units as hotel rooms, most don't talk about it to the Real Deal because, um, it's technically illegal (zoning and permits and all that jazz). But one Cardinal Investments partner is happy to explain why the company is advertising units at Murray Hill's SHoP-designed m127 and 17 Orchard Street on the LES on a vacation-rentals Web site: "You've gotta pay the mortgage, you've gotta keep the lights on." Even if the Buildings Department cracks down and busts the developers in the act, fines range only from $800-$2,000. Meanwhile, kudos to TRD for entering the world of humorous Photoshopping. View at Curbed.com. Copyright (c) 2009 Curbed.com LLC *** What's your opinion? Leave your comments below or send a letter to the editor. ...