Beach 84 Street Pier To Be Purchased
Governor David Paterson signed into law a measure sponsored by Senate Democrat Leader Malcolm A. Smith and Assemblywoman Audrey Pheffer allowing the City of New York to sell the Beach 84 Street Pier to the residents living there.
"With the signing of the bill, Governor Paterson makes it possible for the homeowners on the Beach 84 Street Pier to end decades of uncertainty with repairs and ownership rights," said Senator Smith. "The bungalows have been there for almost 100 years. It appears to be in everyone's best interest to sell the property at the appraised value to the residents so they can legally fix up their property."
The 17 homes on the pier, which juts out into the Jamaica Bay, have had the same immigrant families living there for many generations. The property was originally owned by the state and decades ago the state transferred ownership to the city.
"This decision to allow residents to purchase these properties was the right decision," said Paterson. "Home ownership stabilizes neighborhoods and allows families to build equity for the future. I thank Senator Smith and Assemblywoman Pheffer and their colleagues in the Legislature for their hard work on behalf of residents of Queens."
An independent appraisal will be conducted in the coming months. Then a price for the property will be determined. If the City sells the property for less than the appraised fair market value, the city would have to commit the difference to other waterfront improvements in Queens.
"Home ownership is the backbone of a growing and vital community," said Pheffer. "This Legislation allows the longtime residents of the area ownership of their property.
I was most proud to have negotiated the mandate requiring the NYC Department of Parks [to] provide funding equal to the assessed valued property to remediate property in the borough of Queens."