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When purchasing a residence in a condominium, homeowners association or a co-op, you by default agree to reside in a community association. You live in relatively close proximity to your neighbors and equally share the right to utilize comm…
Following the January 20 inauguration of President Joe Biden and Vice President Kamala Harris, Real Estate Board of New York (REBNY) President James Whelan released the following statement: “New York and our entire nation continue to fa…
This past July, the U.S. Department of Justice (DOJ) announced a major lawsuit and settlement with the National Association of Realtors (NAR) about anti-competitive practices. According to Stephen Brobeck, a senior fellow at the Consumer Fe…
A recent decision in New York State Appellate Court may bring relief to condominium owners involved in lawsuits with developers over construction defects. It also may bring increased transparency to the often-opaque world of real estate in…
In its latest Biography of a Building , New York Magazine profiled the iconic One Fifth Avenue, calling the 27-story Art Deco building the “downtown co-op of all downtown co-ops” and “an expression of a certain type of New York–ness.…
According to a recent press release, the Manhattan-based law firm of Schwartz Sladkus Reich Greenberg Atlas LLP (SSRGA) recently obtained the dismissal of a lawsuit brought against the board of a Brooklyn condominium by a group of unit owne…
When former Bear Sterns CEO James Cayne - noted for his role in the 2008 financial crisis - sought to sell his five-bedroom, six-bath prewar co-op apartment at swanky 510 Park Avenue, the co-op board rejected three prospective purchaser…
In a recent piece for the New York Law Journal , attorneys from Manhattan-based law firm Ganfer Shore Leeds & Zauderer delve into the issue of privacy as it pertains to the personal information of shareholders and unit owners - and…
Several outlets, including NBC News, CBS News, and the New York Post , report that a 24-year-old woman who was struck by a falling lounge chair on January 25 while crossing the street near Union Square in Manhattan is suing several parti…
Originally proposed in 2014 by Senator Brad Holyman, Senate Bill S44A - or the ‘pied-à-terre tax,’ as it has become known - was introduced to the New York Assembly in January 2019, partly - a ccording to the National Law Review - in …