HABITAT
Co-op Boards Must Set "Reasonable" Sublet Surcharges
May 09, 2025
Shareholders should check their proprietary lease to see if it authorizes the surcharge.
Sunnyside Co-op Taps J-51 R Tax Break to Ease Cost of $600K Repairs
Written by Emily Myers on April 09, 2025
41-15 44th St. Owners Corp. committed to two big renovation projects last year and found an unexpected silver lining - the new J-51 R tax incentive, which offers tax breaks to qualifying co-ops and condos for major building renovations.
Sunnyside Co-op Taps J-51 R Tax Break to Ease Cost of $600K Repairs
Written by Emily Myers on April 09, 2025
41-15 44th St. Owners Corp. committed to two big renovation projects last year and found an unexpected silver lining - the new J-51 R tax incentive, which offers tax breaks to qualifying co-ops and condos for major building renovations.
Future Flooding from Climate Change May Surpass Sandy's Toll
February 21, 2025
New York City could lose up to 19,300 homes in the next 15 years.
A bill seeks to reduce fines and trim costs of carbon-cutting retrofits.
A bill supported by 25 NYC Council members aims to soften Local Law 97's impact.
Aggrieved shareholder has limited options in a co-op without a smoke-free policy.
LIC Condo Board Settles Wage Dispute with Service Workers
April 22, 2024
Condo board settles for $119,000 after not paying required benefits to service workers.
Co-op Board Apartment Buyouts Are Feasible but Rare
February 27, 2024
Unhappy shareholders can ask the board to buy their apartments, but it's not likely to happen.
City Is Cracking Down on "Frankenstein" E-Bike Batteries
February 13, 2024
As co-op and condo boards struggle to prevent fires, city is enforcing new laws.
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