One of the most widely felt effects of New York City’s multiple efforts to fight climate change is the shift away from oil- and gas-fired heating plants to electric. These efforts have been, and continue to be, largely successful. One of th…
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. Tha…
Local Law 97 (LL97), part of New York City’s drive to achieve a zero carbon footprint by 2050, looms large for both the city’s landlords and the boards of shared-interest communities. The cost of compliance is high, and the process complica…
Over the years, multifamily co-op and condominium buildings have been notorious for the plethora of restrictions many impose upon residents, from smoking bans to strict quiet hours to forbidding holiday displays. While many of these restric…
For most households, housing is itself the largest regular expenditure - so the failure of wages to keep up with housing prices can make housing costs even more expensive in real dollars. And since the onset of the pandemic in spring of 202…
Among the more mundane - yet vitally important - amenities in nearly every multifamily community is its mailbox and package delivery system. With the massive increase in deliveries in the Amazon Era, and especially post-pandemic, the design…
A new study released by national nationwide consulting firm Construction Coverage shows that New York metro area mortgage payments have increased over 53% in just the last two years. The study set out to identify the markets where hom…
Warm weather is quickly approaching - have you had your HVAC system serviced yet? Whether it's a central or window system, your air conditioning equipment requires a bit more attention than simply turning on your thermostat. Both types req…
Several new environmental rules are in the pipeline for multifamily co-op and condo communities in New York City. One, Local Law 157 relates to natural gas detectors, and the other, Local Law 88, as amended by Local Laws 132 and 134, requir…
A recent headline-making settlement by the National Association of Realtors (NAR) is poised to substantially change the way residential realtors’ commissions are paid on real estate sales in the United States for the first time in a century…