For most households, housing is itself the largest regular expenditure - so the failure of wages to keep up with housing prices can make housing costs even more expensive in real dollars. And since the onset of the pandemic in spring of 202…
Among the more mundane - yet vitally important - amenities in nearly every multifamily community is its mailbox and package delivery system. With the massive increase in deliveries in the Amazon Era, and especially post-pandemic, the design…
A new study released by national nationwide consulting firm Construction Coverage shows that New York metro area mortgage payments have increased over 53% in just the last two years. The study set out to identify the markets where hom…
Warm weather is quickly approaching - have you had your HVAC system serviced yet? Whether it's a central or window system, your air conditioning equipment requires a bit more attention than simply turning on your thermostat. Both types req…
Several new environmental rules are in the pipeline for multifamily co-op and condo communities in New York City. One, Local Law 157 relates to natural gas detectors, and the other, Local Law 88, as amended by Local Laws 132 and 134, requir…
A recent headline-making settlement by the National Association of Realtors (NAR) is poised to substantially change the way residential realtors’ commissions are paid on real estate sales in the United States for the first time in a century…
According to a new report from consulting firm Construction Coverage, only 17.0% of NYC housing units are single-family—the smallest share among all large U.S. cities. Since the peak of the U.S. housing bubble in the early 2000s, the p…
New York City already had the largest, most extensive, most specific list of protected groups in the nation when it comes to housing discrimination. With the New York State Legislature’s passage of the Fair Chance Housing Act earlier this y…
For many co-op and condominium buildings in New York, making necessary repairs under the City’s many local laws requires cooperation from neighboring - often physically adjacent - buildings. You may need access to your neighbor’s roof, or a…
Every so often a scenario comes along in the otherwise fairly predictable world of New York co-ops that has the potential to upend long-standing norms. That may be the case for Carnegie House, a ground lease co-op at the corner of West 57 …