For the first time in decades, serious inflation has reared its ugly head. Costs for nearly everything—including the goods and services needed to operate and maintain multifamily properties—are up an average of 10 percent. Some sectors, par…

According to an item featured this week on TopTenRealEstateDeals.com , the former home of legendary actress Greta Garbo is back on the market. Regarded as one of the great actresses of all time, Swedish-born Garbo got her start in si…

In an ideal world, every New York City building owner, manager, condominium association, and co-op board issued a Safe with a Repair and Maintenance Program (SWARMP) notice for exterior defects during their previous Facade Inspection and Sa…

Last week we looked at the trend toward rebranding existing residential properties, the reasons why a co-op or condo community might decide to rebrand, and the potential effect of such a decision on property marketability and value. This we…

The World Property Journal reports that the costs to comply with regulations imposed by all levels of government account for an average of 40.6% of multifamily development costs nationally.   The National Association of Home Builders (…

Amid the pressure of an overheated real estate market and possible looming recession, some co-op and condo properties are looking to stand out in today’s landscape. One strategy some are embracing is rebranding; casting a new light on who t…

Brokers have a standard modus operandi when selling apartments: Depersonalize the property, stage it, and disappear. Take down family photos, stow the artwork, clear out excess furniture and the clutter of everyday life. And most importantl…

Last week, the New York State Senate did not take up renewal or replacement of the 421a tax abatement that is set to expire on June 15, 2022, leaving the fate of the program—and new residential building in the city—in limbo.  Currently kno…

Q. We live in a co-op where the unit we purchased comes with a parking spot. Our parking garage has valet parking and we leave our keys with the attendants. We found that our rearview mirror had scratches on the paint and there was residu…

Q. What can be done when the president of the condo corporation verbally harasses the building’s superintendent?                   —Seeking to Stop the Abuse A. “Since condominiums are not corporations (although the boards of managers…