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Law & Legislation Financial Record-Keeping
2016 July Financial Record-Keeping

Whether your community is a co-op, condo, or HOA, proper record-keeping is the difference between a healthy property and one headed toward peril. And while meeting minutes and election results require well-organized documentation, records s…

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Real Estate Trends Manhattan Residential Prices Jump
Manhattan Residential Prices Jump

Boosted by a heavy volume of new development closings, Manhattan apartment prices soared in the second quarter of 2016, rising 13.1 percent over the same period last year.  According to the second quarter Manhattan Sales report by Doug…

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Law & Legislation Scary Movie
Scary Movie

Who knew? Who'd ever thought that your weekly movie screening inside your condo or co-op's rec room could get your HOA into possible legal trouble? Incredible as it may be, but that seemingly innocent and fun activity with your neighbors c…

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Law & Legislation Give Me a J-51
Give Me a J-51

Editor’s Note:   The web article  published on 7/14/16 “Give Me a J-51” by John Zurz on legislation sponsored by State Sen. Tony Avella and Assemblyman Edward Braunstein  on the J-51 tax abatement program, has been corrected to clarify tha…

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Management Navigating the Lap of Luxury
Navigating the Lap of Luxury

A hotel is often viewed as simply a weigh station; a temporary rest stop for the active wanderer. Thus there has always been something fascinating about those who take up permanent residence therein, whether they be Tennessee Williams, Bob …

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Management Cracking Down on Unwanted Smoking
Cracking Down on Unwanted Smoking

For those who live in multifamily residential buildings, the scenario is all too familiar: a neighbor lights up a cigarette inside their unit, and the smoke travels through the hallway and finds its way into neighboring residents’ homes. So…

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Law & Legislation A New Classification
A New Classification

For the last three years State Senator Tony Avella, D-11, who represents the Queens neighborhood of Bayside, has been trying to get co-ops and condominiums in the state of New York reclassified under the tax code so as to lower the amount o…

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Law & Legislation Skyscraper on Stilts
Skyscraper on Stilts

Residents of the Sky House condominiums at 11 E. 29 th St., a 55-story building that once towered over its Madison Square Park neighborhood, have launched a successful zoning challenge against a newly proposed condo across the street, te…

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Law & Legislation A Blow to Airbnb?
A Blow to Airbnb?

Airbnb's stake in the New York housing rental market could hit a major snag thanks to state lawmakers. The New York State Senate passed a bill on June 17 that would prohibit users of the popular online hospitality marketplace from adve…

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