Even before the arrival of COVID, the co-op and condominium markets in New York City were softening. The pandemic has only served to exacerbate the problem. Now, market forces are flying wild, with unexpected results everywhere you look. A…
On a tree-lined block on Lower Manhattan’s west side recently dubbed Hudson Square, a trio of brick walk-ups at 47-49 King Street contains 13 co-op units that rarely come to market. Currently listed is “a particularly rare find,” according …
According to a recent press release, the Manhattan-based law firm of Schwartz Sladkus Reich Greenberg Atlas LLP (SSRGA) recently obtained the dismissal of a lawsuit brought against the board of a Brooklyn condominium by a group of unit owne…
When the COVID-19 crisis first hit Manhattan last spring, the impact was immediate - and heavy. Nearly every aspect of co-op and condo life was hard-hit, and luxury amenities were no exception. After all, many such amenities - from fitness …
As Halloween approaches, buyers and sellers of real estate might do well to keep in mind that residential properties - be they condo, co-op, or single-family house - have a past. What’s more, that past might still be lurking around in close…
In a recent piece for the New York Law Journal , attorneys from Manhattan-based law firm Ganfer Shore Leeds & Zauderer delve into the issue of privacy as it pertains to the personal information of shareholders and unit owners - and…
When former Bear Sterns CEO James Cayne - noted for his role in the 2008 financial crisis - sought to sell his five-bedroom, six-bath prewar co-op apartment at swanky 510 Park Avenue, the co-op board rejected three prospective purchaser…
According to the latest data from the U.S. Census Bureau, the median annual property tax paid by homeowners was $2,578 in 2019, or 1.03 percent of home value - not a huge percentage on average, but many households pay far more than this bas…
According to an email sent out by the New York City Department of Buildings (DOB) the city’s annual energy efficiency letter grade sign program, which was instituted by 2018’s Local Law 33, officially went into effect on October 1. Goin…
According to a recent Women in the Workplace survey from the U.S. Green Building Council ( USGBC ), women across the green building industry are facing historic challenges in the wake of the COVID-19 crisis. Of nearly 500 women survey…