According to a new report by construction industry advisory firm Construction Coverage, after stiff competition and fast-rising prices—approximately 40% in a two-year span—the residential housing market began cooling in the second half …
Individual unit owners, co-op corporations, and condominium associations are all always seeking ways to control and lower their energy costs. In these inflationary times, and with the City’s declared intent to make New York a carbon zero en…
New York City is known for its hustle - after all, as the song says: if you can make it here, you can make it anywhere. But if ‘making it’ here includes owning a median-priced home, a new report by nationwide moving coordinators HireAHe…
A new NYC law will place yet another inspection requirement on co-op and condo communities with parking facilities on their premises. Known as Local Law 126/2021, the measure is only the latest in a long and growing string of ordinances pas…
Co-ops evolved as a housing form in New York City primarily on the basis of exclusivity. Not long after workers’ unions and other professional and mutual interest groups made moves to establish cooperative housing expressly for their member…
There was a time not so long ago when having ground floor commercial space—or any rentable non-residential space, really—was a huge asset for a condominium or co-op building. The income stream from the space to the community helped offset o…
Over the last few decades, property technology, or 'proptech' has completely transformed how we live and work. Historically, the real estate industry has been slow to embrace technology - which means many co-op and HOA boards are missing ou…
In a recent statement, Mayor Adams announced a new law, which he has dubbed the Rat Reduction Act. Despite the name, the Act does not hold the city’s rats responsible for their mayhem and destruction. Rather, it seeks to reduce the rat prob…
Despite the acute recent rise in interest rates, the tristate condominium and co-op market continues to show strength; a decline doesn’t seem to be imminent - at least not in the foreseeable future. For many seeking home ownership in a more…
According to a new study by Construction Coverage examining where and to what degree homebuyers are most impacted by rising mortgage interest rates, those rates are now more than double what they were in early 2021. As a result, spirali…