Many cooperatives and condominiums in New York have long benefitted from a tax abatement program under Real Property Tax Law 467-a. In September of 2021, Governor Kathy Hochul put new eligibility requirements into this law that go into ef…
According to a recent report by HireAHelper looking at which U.S. cities have the largest homes, more and more homeowners and home-seekers prefer larger houses with more rooms. Responses to a Pew survey cited in the report suggest that …
Homeowners in New York were not spared from the economic repercussions of the pandemic. If anything, New York was the first and one of the worst affected areas in the country when COVID arrived on US shores in 2020. It’s also no secret that…
The Cooperator Events Presents a Virtual Town Hall: Making Solar Work for Your Building - Cost Savings, Economic Incentives, Local Law Compliance, & Cleaner, Greener Energy. Sponsored by Best Energy Power Tuesday March 15, 2022 at 11:…
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…