ZERO INTEREST MORTGAGE - note and mortgage under which interest accrues but is not paid until the end of the term of the loan.
ZERO LOT LINE - construction of a building on any of the boundary lines of a lot. Usually built on the front line, such as a store built to the sidewalk. See also: Zero Side Yard.
ZERO SIDE YARD - building of a subdivision with each house built on a side boundary line. This gives more usable yard space on a narrow lot. An easement for maintenance is given over a portion of the lot adjoining each house.
ZONE - (1) area of a county or city in which the use of the land is restricted by law (zoning ordinance). (2) An area designated by a number for the delivery of mail. Zip codes incorporate the zones.
ZONING - division of a city or county by legislative regulations into areas (zones), specifying the uses allowable for the real property in these areas.
ZONING MAP - map of a community showing the zones of permitted use under zoning ordinances.
ZONING ORDINANCE - law (generally at the city or county level) controlling the use of land and construction of improvements in a given area (zone).
ZONING VARIANCE - Also See: Variance.
ZYGOCEPHALUM - In civil law an inaccurate measure of land. The area of land a yoke of oxen could plow in one day.
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Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave. The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.
NYC Council Stops Midtown Tower Construction Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.
Malls Never Wanted Gyms. Now They Court Them Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.
Charles Elfsten, President
Charles A. Elfsten