Tag: new this week

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…

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…

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 …

Co-ops and condominiums are subject to more and more legislation affecting how they govern and interact with shareholders and unit owners. In fact, boards and residents alike should be aware of several new laws and regulations that have rec…

Unless it wants to face the wrath of the law  (i.e., a fine of up to several hundred dollars), every residential building in New York City must recycle . While the bar for doing the bare minimum is quite easy to clear, dedication to and…

Most board members are not legal professionals. They're volunteers, and may have plenty of useful expertise, but when it comes to legal issues facing their building or HOA, it's easy to fumble - and those fumbles can be costly. In this clip…

Updated 2/25/19 In one week alone, two New York City condo buildings will be going 'Trump'-less, another indication of President Donald Trump's  unpopularity in his home state.  The Washington Post reported that the residents at 220 …

In a New York TImes “Ask Real Estate” letter from last December, a co-op shareholder lamented the sorry state of her 10-unit building: the board president was abdicating his position with no willing successor, and the managing agent w…

Unlike the residential markets in Manhattan and Brooklyn, co-op and condo sales in Queens have shown some resilience in 2018 -- but signs of trouble may be beginning to materialize.   According to Douglas Elliman’s recent fourth quarter …

Everyone wants to feel safe and secure in their homes -- but it's easy to get carried away and waste resources on over-the-top security measures that may not actually be warranted. In this segment, multifamily security pros discuss how they…