Over 45 years ago, when New York City was entering a dangerous financial decline that nearly culminated in municipal bankruptcy in 1975, the 421-a tax exemption program was created to incentivize developers to enter into new residential dev…
New York City's residential real estate market had a moderate fourth quarter in 2016 to finish a record-breaking year, as the average home sales price (pertaining to co-ops, condominiums, and one-to-three-family dwellings), went up 10 perce…
A comprehensive reserve study is a board's most valuable tool when it comes to planning for major maintenance and replacement projects in their buildings and communities. In this clip, engineering and consulting pros discuss the importance …
Back in 2008 New York City granted a long sought-after and potentially-lucrative cable services franchise to Verizon Wireless for FiOS (fiber optic service). Thus, availability of FiOS to all New York City households was to be completed by …
Last December, DNAinfo published a story about the board of Dayton Beach Park, an affordable housing co-op in Rockaway Beach, that reportedly signed off on the purchase of thousands of dollars' worth of kitchen appliances for two of its…
New York is and has always been a city that celebrates reinvention and change, and that storied reputation has attracted generations of tastemakers. Interior design is one of the city’s largest talent pools and taking advantage of this valu…
In the wake of the recession and facing an uncertain economic climate on the heels of a tumultuous presidential election, condo, co-op, and HOA boards may instinctively want to pinch pennies where they can, especially when it comes to maint…
It happens infrequently, but when it does, it can be an enormous challenge: a co-op corporation or condo development has a long-running squabble with the building sponsor/developer, falls victim to long-term mishandling of funds – or outrig…
In major US cities these days, the decision to live in one co-op or condo building versus another often hinges upon the style of living afforded in a particular property. Whether it is defined partly by a full-scale gym and spa, a children’…