Nobody gets into property management thinking it's going to be an easy, totally stress-free career -- on the contrary, many pros get into the field precisely because they enjoy a challenge, and prefer that every day come with a new and diff…
Taxes from the sales of multimillion-dollar homes are going up, thanks to the folks up in Albany. As part of New York State’s 2020 budget, a change has been enacted to New York State’s ‘mansion tax.” Originally enacted in 1989 by the…
The allure of owning a condo at Trump Tower has apparently worn off since the election of Donald Trump as president in 2016. In a recent Bloomberg article, Trump Tower was deemed “one of the least desirable luxury properties in M…
As reported by the Commercial Observer in January of this year, Elliott Management Corporation and GFI Capital Resources Group acquired the Parker New York hotel for $420 million, with hopes to renovate and add 67 condominium units…
Although co-ops make up roughly 80 percent of the available-for-purchase housing stock in New York City, buyers often face this common dilemma when apartment: hunting: should they seek a co-op, or a condo? Many factors come into play in t…
Every board wants to keep expenses under control on behalf of their constituency - and cutting energy costs is one way to save big. In this clip, three energy conservation pros discuss cogeneration, and its potential benefits for buildings …
New York City's new congestion pricing plan could be a financial boon to residential real estate, even if it poses an inconvenience to drivers who regularly commute into Manhattan. In a recent interview with The Wall Street Journ…
Two major residential projects are garnering attention in a New York City neighborhood mainly known for stocks, bonds and derivatives. The area in question is the Financial District, where a couple of noteworthy office-to-condo conversion…
Was your building’s elevator installed before 2009? If so, it will probably require the installation of a door monitoring lock in order to be in compliance with a new regulation passed by the City. New York City adopted the new rule to…
While the average co-op shareholder or condo unit owner doesn't need to have an exhaustive knowledge of their building's governing documents, part of being an active, engaged member of a multifamily community is having at least some familia…