HABITAT
New Tax Break for Major Building Upgrades
Written by Emily Myers on October 25, 2023
Co-ops struggling to pay for critical building-wide upgrades may now be able to access new tax breaks for major renovations.
In a Big Boost for Co-ops and Condos, State Revives J-51 Program
October 24, 2023
Cherished tax breaks are brought back to help defray the cost of building repairs.
Co-op and Condo Monthly Charges Rising at Triple the Inflation Rate
October 23, 2023
Soaring costs reignite fears that middle class will be priced out of the city.
How Apartment Combining Contributes to the Housing Crunch
October 20, 2023
Co-op and condo apartment combinations have cost the city 100,000 units of housing.
Who's Responsible for My Repairs?
Written by Leni Morrison Cummins, Partner at Cozen O'Connor on October 19, 2023
Disputes about alterations and repairs usually boil down to who is responsible for the costs.
Recovering Legal Fees: Who Pays when a Lawsuit Arises?
Written by Slava Hazin, partner, Warshaw Burstein on October 12, 2023
When a co-op & condo board initiates a lawsuit or is sued, the issue of who is going to pay the legal fees is always asked.
Small Co-ops and Condos Must Use Garbage Bins Starting Next Year
October 17, 2023
New rule is the latest mandate in the war against the city's rats.
The Evolution of Today's Co-op Boards: "They Want Progress"
October 13, 2023
Financial pressures are forcing co-op boards to adapt from their old role as gatekeepers.
State Rejects Bigger Subsidies for Green Energy Projects
December 31, 1969
Move could be a blow to the state's drive for a clean, green electric grid.
The Property Management Contract
Written by Avram Turkel, Partner, Ballon Stoll on October 05, 2023
Retaining a new management company is not unlike getting married, but instead of romance, there's a management contract.
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