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News

4/15/2021  Real Estate Weekly Leading Ladies 2021—Real Estate Weekly
4/15/2021  Real Estate Weekly Leading Ladies 2021—Real Estate Weekly
After one of the most turbulent years in recent history, Real Estate Weekly is proud to introduce its 2021 Leading Ladies of Real Estate.
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4/15/2021  The Manhattan Condo Market Rebound—Multi-Housing News
4/15/2021  The Manhattan Condo Market Rebound—Multi-Housing News
Manhattan’s residential market has seen a continued recovery since an initial slump in the early days of the pandemic.
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4/15/2021  New details for ODA’s curvy condo tower on the Lower East Side—6sqft
4/15/2021  New details for ODA’s curvy condo tower on the Lower East Side—6sqft
In preparation for a spring sales launch, new details and a teaser website for the 12-floor residential building at 208 Delancey Street on the Lower East Side have been revealed.
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4/13/2021  Family sues over death of war hero crushed in Soho crane accident—New York Post
4/13/2021  Family sues over death of war hero crushed in Soho crane accident—New York Post
The family of an Army war hero and father of four who was fatally crushed in a Manhattan crane accident two years ago has filed a wrongful death suit over the incident, new court papers show.
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4/12/2021  NYC mayoral candidates weigh in on changing unfair property tax system that burdens poor and middle-class neighborhoods—New York Daily News
4/12/2021  NYC mayoral candidates weigh in on changing unfair property tax system that burdens poor and middle-class neighborhoods—New York Daily News
For years, New York City’s property tax system has come under fire because homeowners in poor and middle-class neighborhoods often pay more than people who own more valuable homes in tonier parts of town.
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4/12/2021  NYC Co-Op Boards Would Have to Explain Why They Deny Buyers, Under New Bill—The Wall Street Journal
4/12/2021  NYC Co-Op Boards Would Have to Explain Why They Deny Buyers, Under New Bill—The Wall Street Journal
State lawmakers are proposing new rules that would require New York City co-op boards to state why they rejected a potential apartment buyer, seeking to end a longstanding practice that critics say facilitates housing discrimination.
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4/12/2021  UPDATE: Proposed Taxes on Mezzanine and Preferred Equity Financing and "Pied-à-Terre" Taxes Not Included in Final New York Budget Bill—National Law Review
4/12/2021  UPDATE: Proposed Taxes on Mezzanine and Preferred Equity Financing and "Pied-à-Terre" Taxes Not Included in Final New York Budget Bill—National Law Review
Late on Wednesday, April 7, the New York State legislature passed the State’s budget for the 2021-22 fiscal year.
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4/9/2021  Sponsors and Holders of Unsold Shares: Everything Old Is New Again—Law.com
4/9/2021  Sponsors and Holders of Unsold Shares: Everything Old Is New Again—Law.com
Recent decisions have revived the discussion about rights of sponsors and holders of unsold shares in residential cooperative corporations.
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4/9/2021  Bronx’s Co-Op City could get $100M for building repairs if HUD approves: Schumer, Bowman—New York Daily News
4/9/2021  Bronx’s Co-Op City could get $100M for building repairs if HUD approves: Schumer, Bowman—New York Daily News
Co-Op City in The Bronx could free up $100 million for capital improvements and repairs at the decades-old housing development by pursuing a lucrative loan refinancing deal — but the Biden administration first needs to sign off it, according to a couple of New York lawmakers.
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4/8/2021  Fifth Avenue Co-Op of Philanthropist Jayne Wrightsman Gets $11 Million Price Cut—Mansion Global
4/8/2021  Fifth Avenue Co-Op of Philanthropist Jayne Wrightsman Gets $11 Million Price Cut—Mansion Global
The $50-million price tag on the classic Fifth Avenue co-op owned by legendary New York City arts patrons Charles and Jayne Wrightsman has been reduced to $39 million.
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4/8/2021  Mayoral Candidates Want to Convert a Tundra of Empty Offices, Hotels Into Housing—Commercial Observer
4/8/2021  Mayoral Candidates Want to Convert a Tundra of Empty Offices, Hotels Into Housing—Commercial Observer
When Gov. Andrew Cuomo ordered offices to effectively shutter as the pandemic bore down last spring, New York City’s work habits changed inexorably and millions of square feet in commercial inventory suddenly sat fallow.
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4/8/2021  Townhouse vs. condo debate rages as NYC real estate rebounds—New York Post
4/8/2021  Townhouse vs. condo debate rages as NYC real estate rebounds—New York Post
It’s no secret that New Yorkers love to debate: Uptown or downtown? East Side or West Side? Ess-a-Bagel or Bagel Hole?
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4/8/2021  200 Amsterdam’s condos are back on the market—The Real Deal
4/8/2021  200 Amsterdam’s condos are back on the market—The Real Deal
After a year of court battles, the condos at 200 Amsterdam Avenue are back on the market.
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4/7/2021  Related’s 15 Hudson Yards lands $108M condo inventory loan—The Real Deal
4/7/2021  Related’s 15 Hudson Yards lands $108M condo inventory loan—The Real Deal
After a rough year for luxury condo sales in Manhattan, Related Companies and Oxford Properties Group sewed up a loan for unsold condos at 15 Hudson Yards earlier this week, records show.
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4/7/2021  NYC Property Tax Overhaul Fizzles Out Amid Pandemic, Politics—Bloomberg Tax
4/7/2021  NYC Property Tax Overhaul Fizzles Out Amid Pandemic, Politics—Bloomberg Tax
Almost every year since 1992, the governor of New York has granted a request by New York City’s mayor and City Council to shave property tax bills for a sliver of wealthy residents.
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3/30/2021  L+M Development Exploring Purchase of Knickerbocker Village—Bowery Boogie
3/30/2021  L+M Development Exploring Purchase of Knickerbocker Village—Bowery Boogie
Knickerbocker Village, one of the largest residential complexes in the city, is exploring a possible sale to L+M Development Partners, several tipsters tell us.
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3/30/2021  NYC Program Offers Up To $40,000 Toward Your Down Payment Or Closing Costs For 1-4 Family Home CoOp Or Condo—EastNewYork.com
3/30/2021  NYC Program Offers Up To $40,000 Toward Your Down Payment Or Closing Costs For 1-4 Family Home CoOp Or Condo—EastNewYork.com
Although East New York and Brownsville are not yet seeing home prices in the $2 million range like in Bed-Stuy, the prices are absolutely increasing.
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3/30/2021  New Requirement For New York Landlords: Reasonable Accommodation Notice For Persons With Disabilities—JD Supra
3/30/2021  New Requirement For New York Landlords: Reasonable Accommodation Notice For Persons With Disabilities—JD Supra
A change in state law that takes effect this month now requires New York residential landlords to distribute disability accommodation notices to all current tenants by April 1, 2021, and to all new tenants within 30 days of beginning their tenancy.
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3/25/2021  Property Manager Accused Of Stealing $480,000 From Community In Area—Putnam Daily Voice
3/25/2021  Property Manager Accused Of Stealing $480,000 From Community In Area—Putnam Daily Voice
A property manager has been accused of stealing nearly half a million dollars from a co-op community in the area.
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3/25/2021  Should You Rent Out an Empty Apartment as Work-from-Home Space?—Motley Fool
3/25/2021  Should You Rent Out an Empty Apartment as Work-from-Home Space?—Motley Fool
Working from home has been a major culture shift for many people during the pandemic.
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Recent Articles

Q&A: Getting Hassled over Revising My Proprietary Lease
Q&A: Should a Shareholder Pay for a Long-Staying Guest?
Q&A: Proxy Abuse?
Liability, Cost, & Reopening Amenities
Smart Multifamily Landscaping

Recent Comments

rita on Q&A: Seeking Compensation for Damages to My Unit:
Hello I live in a nyc mitchell lama coop governed by hpd and since I took possession my unit does not meet warranty of habitability…
James Taggart on Managing Through the Coronavirus Crisis:
Can a board, which is supposed to have yearly elections, choose not to due to corona? My board waited. Early two years before having an elec…
B B Brockman on When It’s Time to Evict an Owner or Tenant From a Condo:
I rent a unit in a Co=Op from the owner. They have a rule in the HOA that says "No Pickup" trucks. They are trying to evict me because I…
Sayed on Q&A: Purchasing Co-op Shares Under Holding Company:
Can a Coop act as a Holding Company?
MARY OKYERE on Q&A: What are my rights for inheriting a co-op apartment?:
can your thirty year old take oven your apartment when you die

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