HABITAT
Is Your Co-op's Flip Tax Legal?
June 24, 2024
Co-op apartment sellers can challenge improperly implemented flip taxes.
Con Edison wins approval for steep rate hikes through 2025.
Water rates increased by 8.5% due to a budget maneuver by Mayor Eric Adams.
Co-op boards have the right to enter into confidential settlements with employees.
Debate centered on Carnegie House, a co-op facing a stiff land-lease rent increase.
Some 25,000 shareholders would be spared from sharp rent increases when land leases expire.
Tax break would help buildings reduce carbon emissions and comply with Local Law 97.
Failure to provide accommodations can result in legal action and financial penalties.
Happy Memorial Day!!!
May 27, 2024
The Habitat Group wishes our readers a safe and happy Memorial Day 2024.
Bills require load-bearing capacity study, double civil penalties, and more frequent inspections.
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