As New York City buildings strive to reduce their carbon footprints to comply with Local Law 97 limits—as well as to improve energy efficiency, reduce costs, and do their part to save the planet from climate catastrophe—an option gaining tr…
As the value of real estate in New York City has soared - and for the most part been seemingly immune to market trends that have tanked other markets - buying apartments has become a legitimate form of investment for those with the means. N…
The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…
Q. I live in a co-op in the Riverdale section of the Bronx. The windows in the entire co-op are in bad need of replacement. We live right off the river and it can be extremely windy and cold. I inquired with management if window replaceme…
Q. The floor of our co-op garage is sinking, and needs to be repaired. Not only are sewage pipes below, but so are gas lines. No contractor wants to come here to fix the floor as they are afraid of an explosion. What legal entity do I con…
On Thursday, October 28, 2021, board members, managers, building owners, and co-op and condo residents from around the city and the tristate area will gather at the Jacob K. Javits Convention Center in Manhattan from 10:00 a.m. to 4:30 p.m.…
On August 9, 2021, the United Nations Intergovernmental Panel on Climate Change (IPCC) released a scathing report detailing the indisputable impacts that human activity have made on the planet—many of them reaching the point of irreversibil…
In the wake of a tragedy of the size and scope of the recent building collapse in Surfside, Florida, many board members in condos, co-ops, and HOAs have concerns about what liability they may assume in their administrative role. This concer…
The last few years have been something of a rollercoaster ride for New York’s co-op and condo markets. After reaching an historic high in 2016, a number of factors—among them the cap on federal income tax SALT deductions, overbuilding/overs…
The recent flash flooding resulting from Hurricane Ida and other torrential summer storms around the nation has come as something of a wake-up call for homeowners and local governments alike. The real-world effects of climate change are upo…