Skip to Content
Streetsblog New York City home
Streetsblog New York City home
Log In
Bike Sharing

Bike-Share NIMBYs Suing to Prevent a Rise in Their Property Values?

Setting aside the sheer entitlement it must take to sue the city over a public amenity installed on the public right of way, let's just appreciate the irony of the complaints coming from anti-bike-share litigants.

Apartment owners at 99 Bank Street and a few other tony buildings are under the impression that locating a public bike station in front of their residence is going to depress their property values:

“The placement of such a massive futuristic structure ... (and) dropping ... a slab in front of (their) 100 year old landmark building located on an historic street in a landmarks protected district is offensive to the public and residents,” the owners’ lawyer, Jeffrey Barr, says in court papers.

Barr said the residents decided to sue the corporate sponsor, Citibank, and the vendors running the program, Alta Bicycle Share and NYC Bike Share, because they are in charge of the program and in position to make a change.

He said they also are responsible when the building’s value drops because the bike racks attract garbage and animal waste and impede pedestrian and vehicular traffic, forcing bikers to ride on the narrow sidewalks to escape the narrow bumpy street.

Meanwhile, Matt Chaban at Crain's writes that people who deal with apartment sales for a living are expecting the opposite effect:

Residential brokers are also buying into the program. "I deal mostly with clients in their late 20s to mid-30s who are very physically active," Douglas Elliman agent Zakery Risinger said. "Being close to one of the stations will be a huge selling point for apartments."

So the bike-share litigants are fighting something that's not only going to enrich transportation options for themselves and their neighbors, it's also probably going to enrich them, period.

Stay in touch

Sign up for our free newsletter

More from Streetsblog New York City

Security Blanket: Will NYPD Smother Mamdani’s Love of Transit and Bikes?

Zohran Mamdani likes taking the train and riding a Citi Bike — but the demands of being New York City’s mayor may not be compatible with his transit habit.

November 18, 2025

Gov. Hochul Vague on Free Bus Plans As Her Open Budget Salvo Nears

Hochul has said she would neither support a plan that would deprive the MTA of a key revenue stream — fares — nor would she raise taxes to make up for the missing swipes.

November 18, 2025

Report: Traffic Injuries Increase Near Amazon Last-Mile Warehouses

Injuries are increasing near last-mile warehouses and advocates want to change the model for more accountability.

November 18, 2025

Trump Admin Seeks To Decimate Federal Transit Funding

"When you're talking about taking away money from transit, your proposal is flawed from the get-go," said one expert.

November 18, 2025

Tuesday’s Headlines: Soft Focus Edition

The DOT unveils its latest effort to get car drivers to stop killing us. Plus other news.

November 18, 2025

Delivery App Regulation Should Learn from Commercial Carting Reform

Third party delivery apps say they have no ability to police the very system they created — while the city's patchwork regulation isn't addressing the root of the problem.

November 17, 2025
See all posts