Leaks are a common problem in multifamily buildings, including co-ops and condominiums. It’s not unusual to see watermarks and dampness on plaster near or below interior widows, but since such infiltration usually stems from an issue on the…
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…
Of all the shared amenities common to co-ops and condos, what’s more representative of gracious New York apartment living than the grand lobby? Think of how often movie depictions of New York life feature these rarified spaces, complete wit…
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…
One of the noted changes wrought by the COVID-19 pandemic in the New York metropolitan area is the accelerated movement of city dwellers to less crowded suburban - and sometimes even rural - areas to escape the elevated risk of infection in…
As the economic disruptions from the COVID-19 pandemic grind on, Congress has provided additional relief for small businesses to help them hang on until nationwide vaccination efforts are able to turn the tide of the crisis. The good news f…
The arrival of the coronavirus pandemic in New York City last spring led many owners with the ability to do so to leave the city; some permanently, but many more just temporarily. These individuals decamped to second homes upstate, or in th…
According to a January 7 policy update from New York City housing advocacy organization Care For the Homeless (CFH), the fast-approaching expiry of eviction moratoriums in New York and across the country will not only spell disaster for tho…
According to a January 11 legal alert from the New York-based law firm of Tarter Krinsky & Drogin LLP, it may be possible for employers - presumably including cooperative corporations, condo associations, and HOAs - to require their employe…
When considering whether to buy or rent a home, the rent-to-price ratio—calculated as median annual rent as a percentage of median home price in a given area—can be a useful metric. In locations with high rent-to-price ratios, it may be bet…