Buildings need to be careful when hiring independent contractors
Coops and condo associations in New York City hire individuals and businesses to perform various services. Some are professional businesses with a service contract to fix and replace HVAC, wash windows...
View ArticleFlood zone properties see lower prices and fewer sales
Unless they see it as part of their daily routine, New Yorkers tend to forget that the city is surrounded by water. If this is the case, blunt reminders often occur when extreme weather events like...
View ArticleCan a building eject or evict a condo owner?
It’s the law of averages that putting large numbers of people in a condominium building can lead to situations where the rules are not being followed and and the board needs to do something to enforce...
View ArticleLocal Law 18 is already having an impact
The rise of short-term rentals using Airbnb changed the real estate market in countless ways. A few downsides included a steady stream of strangers passing through the building. Often on vacation with...
View ArticleHoliday tipping guide for coops and condo residents
Any New Yorker who lives in a coop or condo knows that their building’s support staff plays several crucial roles. Some become the heart and soul of their building – a doorman providing warm greetings...
View ArticleLocal Law 97 enacted
We are all seeing the results of climate change as temperatures rise and the weather is increasingly volatile. Changes to reduce greenhouse emissions have been challenging and expensive. Nonetheless,...
View ArticleWhisper listings may be a tantalizing option
The hunt for a dream home can involve drastic measures. Rather than go to multi-listing services like Zillow or similar sites that aggregate data from publicly listed properties, some believe that...
View Article6 Tips for parents buying starter homes for their children
The average Manhattan apartment rents for about $4,000 per month, or $76 per square foot. This is terrible news for those starting their career with an entry-level job in the city unless they work on...
View ArticleShifts in rental market push landlords to pivot
The city’s residential real estate marketplace has been volatile in recent years for various reasons. Of course, 2023’s teetering economy and rising interest rates on loans meant that loans were...
View ArticleA business opportunity: collaborative selling
Film and Broadway producer Scott Rudin recently made real estate news when he and his neighbor jointly put their matching West Village Greek Revival townhouses built in 1845 up for sale. The initial...
View ArticleResidential real estate trends to watch out for in 2024
As one of the world’s most dynamic and competitive real estate markets, New York City is constantly evolving and changing. In 2024, there are several key trends that prospective buyers, sellers, and...
View ArticleThe end of standard commissions and the ripple effects upon the Industry
In a historic move, the National Association of Realtors (N.A.R.) has agreed to a $418 million settlement in a series of lawsuits filed by home sellers, challenging the traditional broker commission...
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