Tag: new this week

Was your building’s elevator installed before 2009? If so, it will probably require the installation of a door monitoring lock in order to be in compliance with a new regulation passed by the City.   New York City adopted the new rule to…

While the average co-op shareholder or condo unit owner doesn't need to have an exhaustive knowledge of their building's governing documents, part of being an active, engaged member of a multifamily community is having at least some familia…

As members of Congress currently debate the issue of climate change down in Washington, New York City is already implementing its own Green New Deal--and the real estate industry will feel its impact On April 18, the City Council pas…

What’s more ‘New York’ than therapy? How many Woody Allen movies feature a scene where Allen’s character is lying on a comfortable couch in an impeccably decorated room overlooking the Hudson as he confesses to his psychotherapist? That sce…

Emergency preparedness--especially for possible violent attacks at home, work and in public spaces--was the theme of a Manhattan symposium hosted last month by property management firm FirstService Residential and aimed at property managers…

Having an in-house laundry room in your building is a boon to your residents - but before you bring in a company to build out a laundry room, or hire a new company to manage an existing one, it pays to ask a few pointed questions. In this s…

Owners of newer New York City condominiums are facing higher property taxes, as once-beneficial tax abatements are starting to expire. According to a study by StreetEasy , the imminent end of the tax abatements means that not on…

When a resident is, or appears to be struggling with mental health issues, knowing what to do or how to help can be a tough call. In this clip, two industry pros talk about boards' obligations - and limitations - when it comes to navigating…

An initial push to  tax expensive second homes in the Big Apple appears to have lost its momentum. Legislation for a pied- à -terre tax, which was o riginally introduced by New York State Senator Brad Hoylman in 2014, would hav…

Upgrading an elevator is one of the most potentially disruptive - and expensive - projects a co-op or condo can undertake. Many hours of deliberation by boards after extensive consultation with managers and elevator consultants are required…