According to recent reports, the board of the Galleria — a luxury condo on East 57th Street - is suing noted illusionist David Copperfield for over $2.5 million to repair damage to a unit he owns in the building. Copperfield purchased…
Enacted in March of 2021, New York’s Marijuana Regulation & Taxation Act (MRTA), contemplated allowing home cultivation of cannabis as part of its purview. However, the practice was not to take effect until 18 months after the first recreat…
Benjamin Franklin famously said, “Nothing in this world is certain except death and taxes.” In the world of co-ops and condos, this truth is amplified. Along with the obvious impact on the deceased’s family and associates, the passing can a…
After the devastating gas explosion in Harlem in 2014 that leveled a building, leaving eight people dead, and a second explosion in the East Village in 2015 that killed two and injured twenty, New York City passed Local Law 157. While LL 15…
As evidenced by the recent - and likely ongoing - flap over congestion pricing, car usage, ownership, and the financial implications of both are major issues for New Yorkers. Owning a car in the city is an undertaking in itself, and for mos…
Way back in 1966, New York State established the Housing Development Finance Corporation (HDFC) as part of its efforts to provide affordable housing to residents of the state. The program has been very successful, providing over 100,000 aff…
Your common areas - including the lobby, hallways, mail room, and other shared spaces - are the first impression visitors and residents alike get upon entering the property. If those areas are shabby, poorly maintained, or just plain dated,…
What rights do individual owners have to inspect their association’s books? What rights do boards have to limit owner review? When can a board restrict what an owner discloses to other owners, or what board members disclose to owners? This …
Complying with Local Law 97 (LL97) has many New York multifamily boards and managers stressed - the expense of reducing carbon emissions to acceptable levels (and avoiding steep fines for noncompliance) is daunting, and in many cases prohib…