Mayor’s real estate again subject to confusion

New financial disclosures again raise questions about Mayor Eric Adams’ real estate holdings.

Adams confirmed Wednesday that he still co-owns a one-bedroom apartment in Crown Heights with his former partner, Sylvia Cowan, contrary to some previous public statements. He included the property on an annual financial disclosure form issued by the city’s Conflict of Interest Commission and amended his forms from previous years.


What do you want to know

  • Adams confirmed on Wednesday that he co-owns an apartment in Brooklyn with his former partner, Sylvia Cowan.
  • It included the property on an annual financial disclosure form released Wednesday and amended its forms from previous years.
  • Adams said during last year’s mayoral campaign that he transferred his share of ownership in 2007
  • According to the town hall, the appropriate documents were not completed at the time of the transfer, a process which it says is currently underway.

Adams said during last year’s mayoral campaign that he transferred his share of the property to Cowan in 2007. He said the confusion was because Cowan and his accountant had not filed the appropriate documents, and were not eager to broach the subject during unrelated news. conference on Wednesday.

“You know I’m not going to repeat the same thing over and over again,” he said in response to questions. When pressed further, he told a reporter, “It’s not your press conference, it’s mine. I answered the question, and I’m not going to go back and forth.

A statement issued by the mayor’s press secretary, Fabien Levy, said: ‘The mayor has not lived, earned income or controlled the property for over a decade. As reported during his campaign last year, Mayor Adams transferred his interest in the property to the other owner in 2007. However, once he got a new accountant, the mayor moved on. realized that all the proper paperwork had not been completed in the past. This process is now underway and that is why the Mayor proactively and personally called the COIB before taking office and asked what changes needed to be made to the previous documents.