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New research conducted by Compare The Market analyzing average house and rent prices in Organization for Economic Cooperation and Development (OECD) countries reveals the most expensive countries to rent and buy property in. …
Author Diane Drey knows that A Step by Step Guide to Navigating the Facade Inspection Safety Program: New York Edition, her newest work about facade inspections and maintenance probably isn’t going to be a blockbuster - but for building…
Certain cooperatives (co-ops) and condominiums (condos) that wish to be eligible for the co-op and condo property tax abatement are in a mad dash to submit the newly required prevailing wage affidavit . Which Communities Must Submit th…
Editor’s note: This piece is the first in a planned series of mini-articles on the issue of cryptocurrencies and the application and purchasing process in co-ops and condos. These days, so much of what we do and own is defined - often rede…
Back in the fall of 2019, the New York State Legislature passed a new and stringent law meant to protect and defend the rights of rental tenants. Because co-op boards technically fall under the legal umbrella of ‘landlord’, they were subjec…
It’s a seller’s market, or so the NYC real estate pundits are telling us. But what does that actually mean? Does it mean it’s easier to sell a home than it would be in a buyer’s market? Are units selling for more money, or more quickly? Do…
With all the pandemic-related restrictions being discussed in the media, it’s sometimes startling to realize how much renovation work is still going on in and around co-op and condominium apartments. It’s long been routine for co-op boards…
On January 5th, Governor Kathy Hochul addressed New Yorkers in the annual State of the State Address. According to attorneys Brett Gottleib and Mitchell Korbey of the law firm Herrick Feinstein LLP, “While [Hochul’s] speech was silent with …
On December 22, 2021, Governor Hochul finally signed into law the amendment which exempts cooperatives from many of the onerous provisions of the Housing Stability and Tenant Protection Act (HSTPA) of 2019. Under the HSTPA, late fees impos…
Night falls on the city; just as she’s about to close up shop for the day, a broker receives an email from an unknown sender. The sender is interested in purchasing a specific unit in a specific building - so interested, in fact, that they …