Property Ownership
Zoning bonus or floor area ratio (FAR) bonuses in NYC allow developers to:
ABuild above the normal height limits without any conditions
BBuild additional square footage beyond base zoning in exchange for public benefits like plazas or affordable housing✓ Correct
CDemolish landmark buildings without LPC approval
DCombine adjacent lots without city approval
Explanation
NYC's zoning provides FAR bonuses that allow developers to build additional floor area beyond the base zoning in exchange for providing public benefits such as public plazas, affordable housing (MIH), or arts spaces.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Math Concepts
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