Over 45 years ago, when New York City was entering a dangerous financial decline that nearly culminated in municipal bankruptcy in 1975, the 421-a tax exemption program was created to incentivize developers to enter into new residential dev…
Nobody enjoys litigation; it's expensive, time-consuming, and acrimonious. There are ways to avoid the courtroom however, and in this clip, legal pros explain their role in alternative dispute resolution (ADR) proceedings in the context of …
Last December, DNAinfo published a story about the board of Dayton Beach Park, an affordable housing co-op in Rockaway Beach, that reportedly signed off on the purchase of thousands of dollars' worth of kitchen appliances for two of its…
Back in 2008 New York City granted a long sought-after and potentially-lucrative cable services franchise to Verizon Wireless for FiOS (fiber optic service). Thus, availability of FiOS to all New York City households was to be completed by …
A comprehensive reserve study is a board's most valuable tool when it comes to planning for major maintenance and replacement projects in their buildings and communities. In this clip, engineering and consulting pros discuss the importance …
Like empty tables in a restaurant, parts of your building may be costing you money instead of paying for themselves or making a profit. Roofs are a perfect example. But how could a co-op or condo make money from their roof? This is wher…
When it comes to tax revenue, New York City has 20.4 billion reasons to thank the real estate industry. According to trade association Real Estate Board of New York (REBNY), the city's real estate industry generated about $20.4 billi…
A combination of rising prices and sales along with sliding inventory characterized fourth quarter 2016 for Brooklyn, Queens and Riverdale home sales in general, according to the latest report by Douglas Elliman Real Estate released on Thu…
For boards looking to pare down their energy usage (and costs), it's helpful to compare their community's energy-use profile to that of comparable buildings or associations. Find out where your board can go to get useful comparison informat…
In movie industry parlance, New York City’s Second Avenue subway line was in ‘development hell’ for almost 100 years —as many Upper East Siders who ride the very crowded Lexington Avenue subway train daily know first hand. Plans for the …