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…
Tag: new this week
Save Your Energy
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 …
Food for Thought
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…
LIC Brokers on Amazon Pullout - One Month Later
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…
Taking Flight to Florida?
It's tax season, and homeowners in some states are apparently getting hit harder than others due to President Trump’s revised tax legislation. During a press conference in early February, New York Gov. Andrew Cuomo argued that t…
Everything You Wanted to Know About Jumbo Loans
‘Jumbo loans.’ It’s a term we hear frequently and see advertised regularly. But what exactly is a jumbo loan, and how did ‘jumbos’ come to be? Origins The world of home loans -- including co-op and condo mortgages -- has changed and evo…
Multifamily Laundry Technology
If you're not fortunate enough to have a washer/dryer in your apartment, the next best thing is a communal laundry room -- and those facilities have come a very long way since the days of bleak, fluorescent-lit basement spaces with a couple…
Support for Pied-à-Terre Tax Grows
If state legislators get their way, wealthy people who own expensive second homes in the Big Apple may have to fork over more in taxes. This past Monday, Gov. Andrew Cuomo and other Democratic leaders in Albany announced their suppor…
Board Malfeasance
Most co-op, condo, and HOA boards are made up of honest people who truly want to act in the best interest of their community -- but sometimes bad actors do wind up on boards, and sometimes even whole boards can be corrupt. In this short cli…
Report: 3-Week Luxury Sales Streak Peters Out
All streaks eventually come to an end, and New York City's luxury residential sales are no exception. According to Olshan Realty's latest luxury market survey for the week of March 4-10, about 15 properties worth $4 million or more signed …