HABITAT
Should Parent-to-Child Apartment Transfers Be Subject to Flip Taxes?
Written by William D. McCracken on June 21, 2022
Co-op boards consider levying a flip tax on non-cash transfers of ownership.
With 421-a tax abatement fresh in the grave, Lander calls for wholesale reform.
Co-op and Condo Insurance Costs Will Continue to Rise
Written by Alex Seaman on June 16, 2022
Broker cites numerous pressures pushing costs up, up and away.
Building owners fret about lack of green electricity as Local Law 97 fines loom.
Co-op Boards Must Exterminate Bedbugs. But Who Pays?
June 07, 2022
Co-op board modifies proprietary lease, foisting cost of extermination on shareholders.
Low Inventory, Rising Interest Rates Slow Co-op Sales
June 03, 2022
Higher interest rates put a drag on demand, resulting in drop on closings.
Co-op and Condo Tax Assessments Rebound to Pre-Pandemic Levels
Written by Bill Morris on June 01, 2022
City has released final property tax assessments; tax rate still to come.
Happy Memorial Day!!!
May 30, 2022
The Habitat Group wishes you a safe and festive kickoff to summer.
J-51 Tax Abatement Could Live On — and Help Fight Climate Change
Written by Bill Morris on May 26, 2022
New bill would expand eligibility for tax break, could help pay for retrofits.
To the List of Rising Costs for Co-ops and Condos, Add Water
Written by Bill Morris on May 25, 2022
Water rates could jump by 4.9% this summer, biggest hike in nearly a decade.
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