The New York Cooperator, The Co-op & Condo Monthly

New this week

Holding Board & Shareholder Meetings Under Social Distancing

New BCL Amendments Give Boards Options

NOTE: The following is content submitted to The Cooperator from a professional contributor, and reflects that contributo…

Coronavirus Litigation Exception

A Potential Legal Tool for Boards

Coronavirus/COVID-19 Advice for Managers

Live Q&A from CAI and the CCAL

Board Presidents Petition for Tax Relief

90-Day Hold Could Avoid a Cash Crunch

BTEA Announces COVID-19 Resource Center

Online Center to Provide Up-to-Date Information for Contractors

Management

What is an 'Essential Business'?

Empire State Development Corp. Updates Guidance

As the coronavirus pandemic has spread and its implications become more dire, governments and organizations across the c…

Management

Coronavirus/COVID-19 Advice for Managers

Live Q&A from CAI and the CCAL

March 20, 2020

Coronavirus & COVID-19

Practical Considerations for Boards & Management

Emergency Management

Planning is Everything

March 20, 2020

Vulnerable Residents

Safety for All

Finance

Appraisals and Loan Processing in the COVID-19 Crisis

Business as (Un)usual

With the coronavirus/COVID-19 pandemic throwing the brakes on so much everyday economic activity, the nation may be teet…

Finance

March 20, 2020

Coronavirus & the NYC Market

Past Crises Suggest Reason for Hope

New Law Could Cap Maintenance & Common Charge Increases

Some Predict Trouble for Multifamily Communities & Owners

Proposed Changes to How New York City Taxes Homeowners

Positive or Negative for an Already Nervous Market?

FHA Eases Financing Regs

Good News for First-Time Homebuyers

On The Board

Holding Board & Shareholder Meetings Under Social Distancing

New BCL Amendments Give Boards Options

NOTE: The following is content submitted to The Cooperator from a professional contributor, and reflects that contributo…

March 26, 2020

Virtual Meetings

Conducting Board Business During a Crisis

March 26, 2020

Dealing With Coronavirus Exposure

Board Powers & Limitations

New Law Could Cap Maintenance & Common Charge Increases

Some Predict Trouble for Multifamily Communities & Owners

A New Generation Joins the Co-op Board

The NYT Profiled Five New Board Members. Here Is One More.

Conflict in Client Communities

What's the Manager's Role?

Of all the skills a good property manager must possess, conflict management is high up on the list. Not just knowing h…

Managing Conflicts

How Managers Make Peace

Managing Multifamily Buildings

What Are the Biggest Challenges?

Prioritizing Tasks

How Do Managers Manage?

2019 May

Changing Management

How to Know When it's Time

Vulnerable Residents

Safety for All

Multifamily residential buildings provide both privacy and community. Privacy, because a recluse in New York City can ha…

Conflict in Client Communities

What's the Manager's Role?

Managing Conflicts

How Managers Make Peace

Managing Multifamily Buildings

What Are the Biggest Challenges?

Residents and Mental Health

What Should a Board Do if Someone is Struggling?

Maintenance

Multifamily Cleaning & Hygiene Tips

Keeping Your Community Safe

Editor's Note: To help prevent the spread of COVID-19 in your building or association, procedures and supplies should …

Maintaining Air Quality

Managing the Indoor Environment

Window Deterioration

Recognizing the Main Culprits

The SHIELD Act

What Boards & Property Managers Need to Know

Local Law 97

How Will it Affect Your Building?

Window Deterioration

Recognizing the Main Culprits

If the eyes are windows to the soul, then windows are the soul of your building. Clean, functional, well-insulated windo…

Local Law 97

How Will it Affect Your Building?

Spring Maintenance

Warmer Days Ahead

What about the environmental impact of LED Lighting? How much energy does it save?

Major Building Construction Projects

Do You Have to Warn Your Neighbors?

Spring Maintenance

Warmer Days Ahead

Though 'winter' in these days of shifting, warming climate tends to involve more chilly rain and slush than the snowdrif…

What about the environmental impact of LED Lighting? How much energy does it save?

Lobby Decor

To Furnish, or Not to Furnish?

What Are the Most Effective Steps Boards Can Take to Fight Pests?

Hint: Keep it Clean!

Pest Issues in Multifamily Buildings

What Are the Toughest Ones to Address?

Organizations

BTEA Announces COVID-19 Resource Center

Online Center to Provide Up-to-Date Information for Contractors

A Tale of Two Co-ops

HDFCs in the Post-Gentrification Age

SEIU-32BJ Gives Amazon HQ an OK

Nation's Biggest Property Service Workers Union Approve of LIC Location

The Cooperator Expo New York Returns to Javits Thursday October 11th

Second Annual Fall Trade Show Will Draw Thousands

Void Where Prohibited

Local Group Challenges Use of 'Mechanical Void' to Heighten Condo Tower

Design

Fitting in Fitness

How to Get the Most out of an In-Building Gym

Glass vs. Masonry

Which Façade Reigns Supreme?

Lobby Decor

To Furnish, or Not to Furnish?

Built-In Apartment Features

A Matter of Personal Taste and Style

Repurposing Unused Space

Making Amenities Out of Nothing

Insurance

The NY Policy Holders Protection Act

What's it to You?

A Hard Market

Understanding the Current Insurance Cycle

The Claim Conundrum

When to File vs. When to Pay

Warranties and Service Agreements

What You Should Know About Coverage

Combatting Kickbacks

Spotting and Stopping Fraud in Your Community

Events

Tue, Mar 31, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Mar 31, 8:00pm – 11:00pm add to calendar 31-03-2020 20:00 31-03-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page.

Tue, Apr 7, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Apr 7, 8:00pm – 11:00pm add to calendar 07-04-2020 20:00 07-04-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Apr 14, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Apr 14, 8:00pm – 11:00pm add to calendar 14-04-2020 20:00 14-04-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Apr 21, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Apr 21, 8:00pm – 11:00pm add to calendar 21-04-2020 20:00 21-04-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Apr 28, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Apr 28, 8:00pm – 11:00pm add to calendar 28-04-2020 20:00 28-04-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, May 5, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, May 5, 8:00pm – 11:00pm add to calendar 05-05-2020 20:00 05-05-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, May 12, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, May 12, 8:00pm – 11:00pm add to calendar 12-05-2020 20:00 12-05-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, May 19, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, May 19, 8:00pm – 11:00pm add to calendar 19-05-2020 20:00 19-05-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, May 26, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, May 26, 8:00pm – 11:00pm add to calendar 26-05-2020 20:00 26-05-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jun 2, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jun 2, 8:00pm – 11:00pm add to calendar 02-06-2020 20:00 02-06-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jun 9, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jun 9, 8:00pm – 11:00pm add to calendar 09-06-2020 20:00 09-06-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jun 16, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jun 16, 8:00pm – 11:00pm add to calendar 16-06-2020 20:00 16-06-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jun 23, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jun 23, 8:00pm – 11:00pm add to calendar 23-06-2020 20:00 23-06-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jun 30, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jun 30, 8:00pm – 11:00pm add to calendar 30-06-2020 20:00 30-06-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jul 7, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jul 7, 8:00pm – 11:00pm add to calendar 07-07-2020 20:00 07-07-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jul 14, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jul 14, 8:00pm – 11:00pm add to calendar 14-07-2020 20:00 14-07-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jul 21, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jul 21, 8:00pm – 11:00pm add to calendar 21-07-2020 20:00 21-07-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Jul 28, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jul 28, 8:00pm – 11:00pm add to calendar 28-07-2020 20:00 28-07-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Aug 4, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Aug 4, 8:00pm – 11:00pm add to calendar 04-08-2020 20:00 04-08-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Aug 11, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Aug 11, 8:00pm – 11:00pm add to calendar 11-08-2020 20:00 11-08-2020 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Show more events

News

3/27/2020 Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package—New York Times

The federal government’s planned $2 trillion economic rescue package includes financial aid for individuals and industries that are struggling to survive the coronavirus pandemic. It also includes a potential bonanza for America’s richest real estate investors.
Read full story

3/26/2020 City could to lose up to $6B—Politico

City Comptroller Scott Stringer predicted Monday that the economic effects of the coronavirus outbreak will cost the city up to $6 billion through the end of the next fiscal year.
Read full story

3/26/2020 City offers to help property owners with tax payments—Real Estate Weekly

he New York City Department of Finance offers several programs to assist property owners who face hardships making their property tax payments.
Read full story

3/26/2020 People are still putting their mansions on the market—Business Times

Bill Grabowski, the owner of Healthstar Inc a pharmaceutical machinery business, has lived with his wife on the same piece of land in Quincy, Massachusetts, for more than 30 years. Now, with US equities imploding and states of emergency being declared across the country, Mr Grabowski has decided to list his four-bedroom, four-bath house for just under US$2.7 million. "The worst thing that happens is, nobody buys it," he says.
Read full story

3/25/2020 How To Minimize Taxes On NY Co-Op Sales—Lawyers.com

New York “co-op” apartments are unique to the State of New York. When a person owns a co-op apartment, they own a share of a “corporation,” which is the apartment complex itself. But, at the same time, the owner of the co-op also owns a piece of real estate. That is, at least from a legal perspective. Historically, courts support the notion that co-ops are technically real estate. That’s why many co-ops are eligible for use in 1031 exchanges.
Read full story

3/25/2020 How Coronavirus Is Impacting Luxury Real Estate—Forbes

In the final quarter of 2019, luxury real estate in the U.S. rallied both in sale volume and price. The segment posted double-digit sales growth year-over-year for the first time in 2019. The entry price rose by 2.1% to $1.27 million, according to the realtor.com’s latest luxury report.
Read full story

3/25/2020 New York’s Millennial Homeowners and Where to Find Them—New York Times

On a police officer’s salary, Jakia Morton, 29, bought a brand-new townhouse last year for $265,500 in East New York, Brooklyn, near shopping, public transit and a community of first-time buyers.
Read full story

3/23/2020 New Development: Sales launch at LIC waterfront condo—Real Estate Weekly

Sales have launched for 8 on 5th, a new building designed with sustainability in mind, adding eight two-bedroom units to Long Island City’s waterfront. Queens-based brokerage Modern Spaces is exclusively handling marketing and sales for units ranging in price from $810K to $1.28M.
Read full story

3/23/2020 Permits Filed For 172-02 Hillside Avenue In Jamaica, Queens—New York YIMBY

Permits have been filed for a seven-story mixed-use building at 172-02 Hillside Avenue in Jamaica, Queens. Located at the intersection of Hillside Avenue and 172nd Street, the corner lot is a couple blocks from the 169th Street subway station, serviced by the E and F trains. Ben Kaftari under the Elanot LLC is listed as the owner behind the applications.
Read full story

3/23/2020 Construction projects plug away even with city shutting down—Crain's New York Business

For now, construction continues. As the coronavirus outbreak quiets New York City—closing offices, idling taxis and shuttering bars—workers in bright-yellow reflective vests, hard hats and steel-toe boots are still showing up.
Read full story

3/23/2020 Coronavirus is Forcing Real-Estate Agents to Adapt. Will They Sink or Swim?—Mansion Global

On Tuesday, March 10, real-estate agent Joanne Greene got a call from a fellow agent bringing buyers to one of her listings, a roughly $2 million three-bedroom co-op on New York’s Upper East Side. The buyers and agent, Ms. Greene learned, would be wearing gloves and masks.
Read full story

3/18/2020 Home Closings Are Going Virtual In New York City—Forbes

On Monday, as New York City grappled with school and restaurant shutdowns in response to the COVID-19 pandemic, real estate attorney Steven Matz embarked on uncharted territory for real estate professionals in the five boroughs—a remote closing.
Read full story

3/18/2020 How Coronavirus Has Affected Real Estate—The New York Times

The coronavirus has changed the way we live our daily lives and it has upended countless business sectors, including the New York real estate market. Brokers, buyers and sellers are struggling mightily to do business when it’s anything but business as usual. Open houses are being eliminated, or at least circumscribed; brokers are doing FaceTime apartment tours for clients who are worried about being out. And, in the suburbs, they’re scrambling to find short term rentals for clients who feel the walls and everything else closing in on them in the city.
Read full story

3/18/2020 Hollywood’s A-Listers Are Flocking to the Quiet Streets of Downtown Brooklyn—Variety

When A-list showbiz types like Matt Damon, Emily Blunt and Daniel Craig arrive in a neighborhood, you can usually expect explosions, drama and big box office numbers. But only thing blowing up in the historic Downtown Brooklyn area, where all these stars own multimillion-dollar homes, are the real estate sales figures.
Read full story

3/18/2020 New York luxury homeowners confident of finding buyers amid coronavirus-induced market rout—South China Morning Post

Luxury homeowners and developers in New York are putting multimillion-dollar abodes on sale, confident that deep-pocketed investors will pay top dollar for exclusive property, even as the coronavirus pandemic threatens to push the US economy into a recession.
Read full story

3/18/2020 ‘You cannot go on with life as normal’: St. Paul woman with COVID-19 sounds the alarm—The Daily Republic

Alexandra Nelson followed all the recommended protocols: Wash your hands. Use hand sanitizer. Don’t touch your face. Spray everything with Lysol. The St. Paul resident still contracted COVID-19, the disease caused by the novel coronavirus. She tested positive on Sunday, March 15, during a trip to Chicago.
Read full story

3/16/2020 New York Residential Building Managers Scramble as Everyone Shelters at Home—The Wall Street Journal

Massimo D’Angelo walks up five flights of stairs in his Upper East Side co-op rather than take the elevator. He cleans his hands with an alcohol spray in the lobby and wipes his cellphone with swabs provided by the building.
Read full story

3/16/2020 The Rich Have a Coronavirus Cure: Escape From New York—New York Times

By Thursday afternoon, texts and emails circulating among New York’s professional class warned that perhaps it was time to leave. The city was going into lockdown, or at least that’s what people were saying — probably by Friday morning. No one really knew this but now, you did.
Read full story

3/16/2020 Moby’s Central Park penthouse asking $5.75M—NY Post

A glam Central Park West penthouse — which was once owned by musician and animal-rights activist Moby (right) — is about to hit the market for $5.75 million.
Read full story

3/16/2020 Condo Developers Adopt Apartment Model to Save Properties—GlobeSt.com

Some condo developers have abandoned selling units because they’ve only been able to sell 10 percent of the property to which they resort to renting the remaining 90 percent. This trend hearkens to weakened demand for condo units, especially in markets where there is a large affordability gap between high-end apartments and affordable housing, Marc Heller partner at law firm Akerman, tells GlobeSt.com.
Read full story

Show more news

Recent Articles

What is an 'Essential Business'?

Holding Board & Shareholder Meetings Under Social Distancing

Coronavirus Litigation Exception

Coronavirus/COVID-19 Advice for Managers

What Happens When it's Over?