2024 NY Spring Expo Seminar: Local Law 97 Compliance - Deconstructing the Law & its Impact on Multifamily Buildings Sponsored by: The Cotocon Group

By The Cooperator Staff 2 July 2024 Seminars

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Local Law 97 Deadline is Coming

Noncompliance Can Cost Your Building Thousands

Residential multifamily modern buildings

Navigating Building Decarbonization

Strategies for Multifamily Boards & Owners

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Carbon Reduction Programs

Reducing Your Building's Emissions without Additional Cost

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Local Law 97 Update

Compliance Right Around the Corner

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Local Law 97

To Comply or Not to Comply—That is the Question

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A Local Law 97 Roadmap

Early Assessment is the Key to Less Overwhelm

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Overpriced units piled up in Lower Manhattan after mistimed development influx.
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Media titan Byron Allen is the toast of Manhattan’s Billionaires’ Row, having just sold his sprawling full-floor apartment at the ultra-exclusive 220 Central Park South for $82.5 million — marking the biggest sale in the city so far in 2025, The Post has learned.
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Even by New York City standards, the past decade has been a volatile one for Manhattan real estate, from the aftermath of the subprime mortgage crisis, through a deadly pandemic, and into a period of excessive rents and interest rates. It’s tempting to step back and think that buying a home in Manhattan has never been harder.
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Demand is on the rise as buyers seek entré into highly desired Brownstone Brooklyn
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2/21/2025 This Upper East Side Condo Building Offers Music Lessons And Art Classes - Forbes

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The 2019 Housing Stability and Tenant Protection Act changed the rules around rental to condo/co-op conversions. Before the law, existing tenants had to agree to buy 15 percent of the units for the conversion to move forward. The HSTPA bumped that threshold to 51 percent. The number of conversions quickly plummeted.
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At the end of the fifth season of “Million Dollar Listing New York,” which aired in 2016, Fredrik Eklund, a Swedish adult-film actor turned real-estate broker, was in the grips of a professional crisis. He was desperate to become the listing agent for a new condominium project called 1 Seaport, and had spent weeks fanatically courting its developers at the Fortis Property Group.
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As the chef at 10 Cubed in New York City, Nduvo Salaam prepares dishes that blend his African-Caribbean roots with classic French technique on the 100th floor of Central Park Tower — one of the tallest residential buildings in the world.
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1/22/2025 Macaulay Culkin has sold the NYC loft he bought as a teenager for $7.75M - NY Post

Macaulay Culkin was famously lost in New York — and now he’s just sold a home in New York. The former child star has officially parted ways with his longtime Manhattan loft, selling the Noho property he bought as a teenager for $7.75 million, according to records filed with the city register on Tuesday.
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Vice President Kamala Harris could well be planning a post-inauguration relocation to Manhattan. Her husband, Doug Emhoff, was seen touring a luxury $20,000-a-month apartment on New York’s Upper West Side, sparking speculation that the couple will trade the White House for the Big Apple.
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1/14/2025 Sci-fi screenwriter lands West Chelsea condo for $11M - Crain's

Award-winning movie maker Akiva Goldsman, who has helped create Star Trek spin-offs, has beamed down in West Chelsea.
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1/10/2025 Many Manhattan councilmembers silent on bill requiring co-ops to explain rejections - Gothamist

For many New Yorkers who want to buy homes, co-op boards are anxiety-inducing — with the endeavor of going before one the culmination of a lengthy and pricey process. Potential buyers face infamously invasive questioning and financial reviews reminiscent of tax audits.
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1/9/2025 NYC Condo Owners May Bear Costs of Landmark Green Building Law - Bloomberg

As deadlines approach for Local Law 97, residents face fee and rent increases. Lawmakers are considering tax exemptions to ease the burden.
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As the managing partner at the New York real estate law firm Starr Associates LLP, Samantha Sheeber is well-informed about the city’s current housing market and has a perspective on its trajectory in the years ahead.
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Three months after listing his New York City condo for $2.65 million, HGTV star Ty Pennington has a new place to call home in the Big Apple.
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Even as New York City’s overall residential market had a mediocre year, its ultra-luxury end soared to nearly unprecedented heights.
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