Maintenance Elevator Refurbishment
2019 November Elevator Refurbishment

No matter how well constructed and carefully maintained, no mechanical system lasts forever – and that goes for elevator cabs and equipment just as much as it applies to roofs or boilers. At some point, your building’s vertical transportati…

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Building Operations Assessing Energy Needs
Assessing Energy Needs

Between helping the planet and helping your building's bottom line, it pays to be familiar with your energy profile. In this clip, two multifamily energy pros discuss the criteria and process they use to determine an individual community's …

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Buying & Selling Pied-à-Terre Tax Effort Revived
Pied-à-Terre Tax Effort Revived

Bloomberg Quint reports that another blow may be heading toward the  high-end real estate market,  in the form of a revived effort by state lawmakers to impose a tax on second-home purchases of $5 million or more. This tax follow…

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Real Estate Trends Glass vs. Masonry
Glass vs. Masonry

Over the past two decades, New Yorkers have become increasingly used to seeing tall, reflective, glass residential towers rise over the cityscape, even in neighborhoods that have been bastions of the world-class architecture that gives the …

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Law & Legislation Co-op Wins Legal Battle
Co-op Wins Legal Battle

According to  Real Estate Weekly , an Upper East Side co-op recently scored legal victory over a litigious shareholder. The co-op, at 12-14 East 64th Street, was granted nearly $400,000 in legal fees in a case that stemmed from flood dama…

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Insurance The Claim Conundrum
The Claim Conundrum

Sometimes, the choice whether to file a claim with your insurer is clear-cut; sometimes it's not. In this clip, two industry pros give tips on when to file, and when to consider other options. 

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Community Living Lobby Decor
Lobby Decor

While not usually considered an amenity per se, an elegantly appointed lobby can be both a draw for prospective purchasers and a welcoming space for residents in co-op and condominium communities. While some communities furnish their lobbie…

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On The Board Recent Changes to Co-op & Condo Laws
Recent Changes to Co-op & Condo Laws

This past June, the New York State Legislature and Governor enacted into law a sweeping overhaul of landlord-tenant relations throughout the State; just a few days later, these same powers enacted amendments to those amendments. While relat…

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Q&A Q&A: Calculating Assessments
2019 October Q&A: Calculating Assessments

Q. I live in a Queens County cooperative complex with 250 units. I have lived here for more than 30 years, and have paid many assessments, always using the 'pro rata percentage' to calculate the assessment. The board has now determined th…

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