CSI’s proposed New Building requires seven zoning variances from the New York City Board of Standards and Appeals because the building is too high and too large, among other things, for its neighborhood. Click on Other Issues for more. Use the navigation bar at the bottom of this page to see other categories.
As-of-Right Profitability
It is clear that a non-profit organization can construct a building, part of which supports their mission, and part of which is to produce a financial return. But the bound-aries of the financial analysis are not clear. Here are four alternative ways of looking at the economics of one As-of-Right building, called Scheme A by the CSI architect:
The several analyses show financial returns under different assumptions or constraints. But each, except the ‘Clearly Invalid’ CSI approach based on a fictional transaction, shows substantial, reasonable returns, proving that an As-of-Right building can be built without zoning waivers.
Other Issues
Compliance with BSA Instructions
Incomplete Application
Non-profits’ exemption from 72-21 (b)
Value of Community Facility
