Tag: new this week

Owners of newer New York City condominiums are facing higher property taxes, as once-beneficial tax abatements are starting to expire. According to a study by StreetEasy , the imminent end of the tax abatements means that not on…

When a resident is, or appears to be struggling with mental health issues, knowing what to do or how to help can be a tough call. In this clip, two industry pros talk about boards' obligations - and limitations - when it comes to navigating…

An initial push to  tax expensive second homes in the Big Apple appears to have lost its momentum. Legislation for a pied- à -terre tax, which was o riginally introduced by New York State Senator Brad Hoylman in 2014, would hav…

Upgrading an elevator is one of the most potentially disruptive - and expensive - projects a co-op or condo can undertake. Many hours of deliberation by boards after extensive consultation with managers and elevator consultants are required…

Those who purchased luxury condos at the freshly-minted Hudson Yards development on Manhattan's far West Side won't have to travel far to check out cultural events; they can experience the arts literally within walking distance from the…

Housing Development Fund Corporation (HDFC) co-ops are an important and unique segment of the New York housing market that many fellow co-op shareholders are unaware of. Those who do know of the program are often familiar with it only from …

As your dad probably has joked at least once, the elevator business is up-and-down (sorry!) - but with the advent of new technologies and advances in engineering, we've come a long way from the days of creaky, slow lifts and unpredictable s…

When it comes to energy, conservation is the watchword – not just as pertains to usage (although definitely that!) but also to cost. This may be especially true for New York City's condominium and co-op buildings, in which volunteer boards …

If you've followed New York real estate news in the last few days, you have certainly heard about Hudson Yards , the much-hyped, largest private development on Manhattan's West Side that boasts 18 million square feet of commercial and re…

It's been now over a month since Amazon's surprise decision to nix plans for its HQ2 in Long Island City , Queens. Following vehement opposition from local activists and several politicians, fallout from the split still lingers -- especi…