Housing affordability – or un affordability, depending on your relative net worth – has always been a hot topic in New York City. Today’s housing market is no different – though in recent years, thanks to a combination of factors both e…
Security in multifamily buildings isn't a one-sided job; both boards and residents must cooperate to make sure property and people are safe. In this clip, a security pro gives us a few tips on how administrators, staff, and those who call b…
Page Six reports that even before his company’s recent failed initial public offering (IPO), Adam Neumann, now former CEO of WeWork, had difficulty securing a co-op on Manhattan’s tony Fifth Avenue. Citing a real estate insider, Page Si…
According to The Wall Street Journal, Governor Andrew Cuomo signed a bill last month requiring limited liability companies (LLCs) entering into residential real estate transactions to disclose the identities of their individual members.…
In reports released last month, Douglas Elliman noted a decline in number of sales in all three markets, with some reduction in sales and listing prices as inventories continue to rise. Jonathan Miller of Miller Samuel Inc. and author of th…
Money saving and energy conservation go together like hand and glove -- but how they fit isn't always the easiest to understand. In this quick clip, a conservation pro discusses how boards can assess their energy-related equipment for signs…
Living in a multifamily dwelling requires tolerance for other people, particularly when those people are noisy, smelly, or have questionable taste in door decorations. In New York, where the majority of people share a wall with at least one…
In the hybrid part-owner/part-tenant world of co-op living, there exists an interesting and unique financial instrument: the underlying permanent mortgage . Part of the overall financing structure for any co-op, the underlying mortgage …
In the hybrid part-owner/part-tenant world of co-op living, there exists an interesting and unique financial instrument: the underlying permanent mortgage . Part of the overall financing structure for any co-op, the underlying mortgage …
The benchmark for calculating capital gains on your unit is determining your cost basis in the unit. The cost basis for co-op and condominium units is calculated on the original purchase price of the shares or unit, plus capital improvement…