There was a time not so long ago when having ground floor commercial space—or any rentable non-residential space, really—was a huge asset for a condominium or co-op building. The income stream from the space to the community helped offset o…
What sells an apartment? Is it the feel of the space, the light, or the layout? Is it the price alone? Or something else entirely? Maybe a feeling of ‘hominess’ that calls out to the buyer: This is where you belong! Or perhaps it’s all thre…
Late last month, NYC development and construction management firm New Empire Corp. announced the acquisition of neighboring sites for development in Flatbush, Brooklyn. Acquired for $18 million, the lots are located at 757-767 Flatbush Av…
It’s that time of the year again—the Halloween candy is long gone, Thanksgiving turkeys are being ordered, and Christmas, Hanukkah, Kwanzaa, and New Year’s Eve are all approaching, complete with sparkly lights and ornaments, as well as a pa…
Gen Z is hitting adulthood at a difficult time. Defined as those born between 1997 and 2012, most Gen Zers today are firmly in early adulthood or in their teenage years. Finding footing at this stage of life is challenging enough on its own…
President Joe Biden’s signing of the Inflation Reduction Act earlier this week has been heralded as the most far-reaching and comprehensive legislative plan to fight climate change to date. Among many other things, it provides millions of d…
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…
When remodeling the interior of multifamily buildings and HOAs, boards or board-appointed committees might be tempted to adopt an “out with the old, in with new” approach. Others prefer to stick to “tried and true” designs to suit their aes…
An old time-worn saying ‘that you’re only as good as your first impression’ is paramount in how your co-op or condo building is perceived at street level. The curb appeal factor cannot be discounted when people pass by your building and see…