2022 NY Fall Expo Seminar: Amending the Lease and By-laws vs. Passing House Rules - How Smart Boards Govern Sponsored by: Smith, Buss & Jacobs LLP

By Cooperator Studio 31 October 2022 Seminars

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News

5/4/2026 The Pied-à-Terre Tax and Its Potential Revenues - Comptroller.NYC.Gov

A number of new taxes have been proposed this winter and spring to address the City’s structural budget gap. They range from a surcharge on high-income Personal Income Tax filers, to a partial recapture of the federal tax benefits accruing to Pass-Through Entity Tax filers, to higher rates for the City’s business income taxes, to higher real property transaction taxes on luxury properties at time of sale. One of the most likely, and possibly only, new tax revenue to be included in the FY 2027 State budget is a tax on pied-à-terre properties in New York City.
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4/30/2026 First look at The Morgan, an 18-story luxury condo rising on a tree-lined block in Murray Hill - 6sqft

The first images have been revealed for a new 18-story luxury condo taking shape on a tree-lined block in Murray Hill. Developed by the Continuum Company and Aksoy Holding and designed by INC Architecture & Design, The Morgan at 38 East 35th Street will include contemporary residences ranging from studios to three-bedrooms, along with select duplexes and penthouses. The developer has also launched a teaser website for the building along with the newly released renderings.
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4/29/2026 A Superluxury Condo Sold for $87.7 Million. Will NYC’s New Pied-à-Terre Tax Apply? - The City

A Billionaires’ Row penthouse that sold for $87.7 million. Sting’s pad overlooking Central Park, bought for $65.7 million. A Trump Tower apartment owned by Donald himself. These properties might seem like exactly the type of real estate that stands to be hit with a newly proposed “pied-à-terre” tax, which takes aim at high-priced homes that aren’t people’s primary residences.
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4/27/2026 Willdan Wins $27 Million Contract to Redesign and Implement New York City Accelerator Program - Business Wire

Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has been awarded a $27 million, three-year contract with the New York City Mayor’s Office of Climate & Environmental Justice to redesign and implement the NYC Accelerator program. This program helps building owners and stakeholders reduce greenhouse gas emissions, comply with Local Law 97, and advance the City’s sustainability and green jobs objectives.
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4/23/2026 A Superluxury Condo Sold for $87.7 Million. Will NYC’s New Pied-à-Terre Tax Apply? - The City

4/21/2026 Battery Park City Authority tells court it can’t move forward with Lower Manhattan flood protection work without condo access - AmNY

The state authority behind a $2 billion Lower Manhattan flood resiliency project says a condo owner’s refusal to let it into their building could derail the coastal flood risk management system it’s working to build along the southern tip of Manhattan.
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4/16/2026 Fitness studio inks long-term lease at Gramercy condo building - Crain's

A fitness studio with three locations across New York City has signed a long-term lease in Gramercy.
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4/14/2026 This $16.4 Million N.Y.C. Condo Comes With Sprawling Views of Central Park - Robb Report

When property developer Daniel Grollo and his family relocated from Melbourne, Australia, to New York City in 2012, records indicate he acquired a multi-unit combination apartment on the 21st floor of the Trump Parc building overlooking Central Park for $14.25 million. Records show the following year he dropped $700,000 on a small adjacent unit, and in 2016, ponied up another $2 million for two more small units on the same floor, bringing his total outlay to just under $17.1 million.
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4/10/2026 HGTV design couple has their newest project — a boutique NYC condo that will also be their home - NY Post

Bob and Cortney Novogratz are moving to a modern penthouse in “Dimes Square,” Manhattan’s ever-trendy micro-nabe between the Lower East Side and Chinatown, Gimme Shelter can reveal. But first, they have to build it.
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4/8/2026 Undivided Launches Condo Rating System to Bring Transparency to NYC Luxury Market - CityBiz

Undivided, a boutique New York City residential brokerage specializing in luxury condominiums, has launched the Undivided Value Index, a proprietary building scoring framework designed to give high-net-worth buyers structured, independent analysis of NYC condo buildings before they purchase.
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4/6/2026 New look at Fifth Avenue’s tallest residential tower, 262 Fifth Ave - 6sqft

New renderings of Fifth Avenue’s tallest residential building were released this week as sales kick off at the condominium. Developed by Five Points Development and designed by Meganom, 262 Fifth Avenue is a 52-story tower in Nomad with only 26 full-floor and duplex residences. In addition to new images, the developer launched a teaser website for the building and announced a new sales team from Sotheby’s International Realty.
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4/3/2026 Co-ops and Condos United of NY launches to establish advocacy for homeowners - New York Real Estate Journal

A coalition of co-op and condo owners from across the five boroughs have formed Co-ops and Condos United of NY, a grassroots advocacy group charged with representing the interests of the more than one million New York homeowners who live in this type of housing. Co-ops and Condos United of NY has been established to ensure the voice of this critical community is not left behind. Co-ops and Condos United aims to ensure that this significant constituency has a strong, coordinated voice in legislative and policy discussions at both the city and state levels.
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4/1/2026 HOA Fees Surpass $6K a Year for Millions of Homeowners - Realtor.com

While homeowners know to budget in mortgage payments, there's a not-so-hidden monthly cost that millions are paying, and that cost is increasing—often significantly—each year.
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3/27/2026 Ultra-luxury NYC condo has seen homes languishing for years in the decade since it launched — as it lacks 1 thing other buildings don’t - NY Post

No billionaire, no buzz. For Manhattan’s priciest towers, it often takes just one name to define a building. Ken Griffin did it at 220 Central Park South. Michael Dell helped do it at One57.
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3/26/2026 NYC Faces Possible Strike by 34,000 Doormen, Building Workers - Bloomberg

New York City apartment residents are being put on notice of a potential strike by building staff as soon as next month as the union representing the workers and an advisory board to building owners negotiate a new labor contract.
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3/24/2026 New York City Real Estate Surge: Canadian Investment Fuels Rapid Condo Development Across Brooklyn and Queens, Redefining Travel, Lifestyle and Urban Living - Travel and Tour World

New York City has long been a magnet for international investors, and Canadian buyers are making their presence strongly felt in 2026. Brooklyn and Queens have emerged as the most attractive boroughs for cross-border condo investment.
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3/20/2026 Even NYC Luxury Buyers Are Paying Attention to the Monthlies - Behind the Hedges

How are escalating common charges and insurance costs affecting demand for luxury condos versus co-ops in New York City, and where are buyers drawing the line?
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3/17/2026 $24.8M condo in NYC’s iconic Flatiron Building finds a buyer - New York Post

An 18th-floor residence asking $24.8 million in the Flatiron Building has found a buyer. Built in 1902, the famous, neighborhood-defining landmark at the intersection of Fifth Avenue and Broadway recently converted to 38 residential condos for the first time.
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3/12/2026 Mamdani unveils reforms to NYC’s sidewalk shed rules - 6sqft

While Mayor Zohran Mamdani may disagree with much of former Mayor Eric Adams’ agenda, the two align on one issue: removing New York City’s sidewalk sheds. Last week, the mayor announced a series of new initiatives aimed at removing longstanding scaffolding, with a focus on sidewalk sheds at public housing developments.
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3/11/2026 21-story condo conversion in Tribeca moves ahead - 6sqft

A former city office building in Tribeca that has been vacant for about a decade is one step closer to becoming a luxury residential tower. Manhattan Community Board 1 on Monday approved the expansion and conversion of 101 Franklin Street (formerly 250 Church), which will turn a 17-story 1940s building into a 21-story condominium with 72 apartments. The proposal heads next to the Department of City Planning.
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2022 NY Fall Expo Seminar: Amending the Lease and By-laws vs. Passing House Rules - How Smart Boards Govern Sponsored by: Smith, Buss & Jacobs LLP

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