Many co-ops have yet to upgrade to modern self-operating building controls, and as a result those buildings are struggling with increasing energy prices, are at risk for Local Law 97 fines, and most importantly, are putting their shareholde…
Whether you’ve tried to buy an apartment or sell one, the past year has been a difficult one. Expectations on both sides have yet to fall in line with the realities of the market - and interest rates haven’t helped the situation. On top of …
The First Amendment of the US Constitution guarantees the right to free speech and expression - but how does that right apply to the residents of multifamily co-op or condo buildings? Does it apply at all? Can you - or the guy down the hall…
Congratulations! You’ve just been elected to the board of directors, and given your first monthly financial packet. Like many new board members, your first thought is, “This is so confusing. Glad I’m not the treasurer - I don’t have to unde…
According to a new report on multifamily housing in the United States, 41.4% of new housing units authorized across the country as a whole in 2022 were multifamily, marking the highest level since 1985. The report, commissioned by cons…
Amid roiling national and international political upheaval, the prohibitive cost of housing for all but the wealthiest homebuyers in nearly every US market remains a cause for great concern. In an October 15 statement, National Housing Conf…
The New York City Department of Buildings (DOB) has enacted a new rule relating to façade maintenance and safety - this one directed at parapet walls. The parapet is a low protective wall along the edge of a roof, bridge, or balcony. The ne…
Faced with continued record low inventory, both home sales and pending contracts in markets north of New York City experienced declines in the third quarter, according to the Houlihan Lawrence Westchester-Putnam-Dutchess Q3 Market Report …
Whether you’re a manager or a board member, running a co-op, condo, or HOA has never been an easy job. There’s always a capital project to fund, a contractor to hire, a dispute to resolve, a leak to repair...the list can feel endless. …
Almost as if by coincidence, given last week’s historic rains and flooding, New York State has recently passed two laws that provide some answers for homeowners and renters affected by the intense weather event. The first, Section 231-B of …