According to a new study on behalf of construction industry researchers Construction Coverage, after more than two years of stiff competition and fast-rising prices, the U.S. residential housing market experienced a rapid cooldown t…
According to a March 26 press release from the Service Employees International Union 32BJ SEIU, the union has set April 15, 2026 as the date for a strike vote amidst contract negotiations with NYC’s Realty Advisory Board on Labor Relations …
The NYC Department of Buildings (DOB) published a service notice at the end of February reminding boards, managers, and building owners of the 2026 filing deadlines for the City’s local sustainability laws, including: Benchmarking Energy …
After several years of work, a new alteration agreement form for condo units has been approved by both the New York City and New York State Bar Associations. Alteration agreements are used by boards to regulate and oversee any renovations…
The rules governing co-op housing in New York City are constantly changing and evolving. One new regulation with major implications for co-op boards is the City Council’s Intro 1120-B, which went into effect in January after bouncing around…
According to a recent item from the National Housing Conference (NHC) in Washington, DC, home prices have surged far faster than local incomes over the past two decades. According to the NHC, a new analysis from the Federal Reserve Ba…
In a final legislative onslaught at the end of his term, former Mayor Eric Adams vetoed 19 City Council bills. With Adams now out of office, the Council voted recently to override 17 of these vetoes—three of which affect co-ops and condos: …
For decades, New York State’s laws governing cooperatives and condominiums have largely remained the same: co‑op boards make decisions about sales and finances behind closed doors, condos run on their own governance, and residents’ rights b…
The question of who can or can’t serve on a co-op or condo board may seem obvious at first; you just have to live in the building and be willing to serve…right? It might not be quite that simple. As with most questions regarding the funct…
In December of 2025, an amended RPAPL Section 881 went into effect with significant changes that clarify and streamline the process to procure access to adjoining properties to effectuate building repairs or improvements when a neighbor ref…