Tag: new this week

Law & Legislation Give Me a J-51
Give Me a J-51

Editor’s Note:   The web article  published on 7/14/16 “Give Me a J-51” by John Zurz on legislation sponsored by State Sen. Tony Avella and Assemblyman Edward Braunstein  on the J-51 tax abatement program, has been corrected to clarify tha…

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Law & Legislation Scary Movie
Scary Movie

Who knew? Who'd ever thought that your weekly movie screening inside your condo or co-op's rec room could get your HOA into possible legal trouble? Incredible as it may be, but that seemingly innocent and fun activity with your neighbors c…

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Real Estate Trends Manhattan Residential Prices Jump
Manhattan Residential Prices Jump

Boosted by a heavy volume of new development closings, Manhattan apartment prices soared in the second quarter of 2016, rising 13.1 percent over the same period last year.  According to the second quarter Manhattan Sales report by Doug…

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Law & Legislation Skyscraper on Stilts
Skyscraper on Stilts

Residents of the Sky House condominiums at 11 E. 29 th St., a 55-story building that once towered over its Madison Square Park neighborhood, have launched a successful zoning challenge against a newly proposed condo across the street, te…

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Law & Legislation A New Classification
A New Classification

For the last three years State Senator Tony Avella, D-11, who represents the Queens neighborhood of Bayside, has been trying to get co-ops and condominiums in the state of New York reclassified under the tax code so as to lower the amount o…

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Board Operations Transition From Sponsor Control
Transition From Sponsor Control

New York boards have a more difficult time understanding and managing the transition process than other places in the country because specific rules and regulations exist elsewhere to guide them through the process, according to experts at …

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Security Mosquito Control in the Wake of Zika
Mosquito Control in the Wake of Zika

If you're ever outdoors during the summertime, you know that those darn mosquitoes are unavoidable, whether you're sitting on your patio or picnicking in the park. The most common solution is either swatting the pesky creatures away from yo…

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Board Operations The Changing of the Guard
The Changing of the Guard

One important attribute of any condominium or cooperative board is that it manifests the best interests of its owner or shareholder base. This requires a certain attentiveness, as the wants and needs of residents are likely to change over t…

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Law & Legislation A Blow to Airbnb?
A Blow to Airbnb?

Airbnb's stake in the New York housing rental market could hit a major snag thanks to state lawmakers. The New York State Senate passed a bill on June 17 that would prohibit users of the popular online hospitality marketplace from adve…

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