The hunt for a dream home can involve drastic measures. Rather than go to multi-listing services like Zillow or similar sites that aggregate data from publicly listed properties, some believe that whisper listings are a better option, mainly if they are buying or...
New York Real Estate Legal Blog
Local Law 97 enacted
We are all seeing the results of climate change as temperatures rise and the weather is increasingly volatile. Changes to reduce greenhouse emissions have been challenging and expensive. Nonetheless, there is little doubt that something needs to be done. As part of...
Holiday tipping guide for coops and condo residents
Any New Yorker who lives in a coop or condo knows that their building's support staff plays several crucial roles. Some become the heart and soul of their building – a doorman providing warm greetings at the beginning or end of the day, a super who jokes around with...
Local Law 18 is already having an impact
The rise of short-term rentals using Airbnb changed the real estate market in countless ways. A few downsides included a steady stream of strangers passing through the building. Often on vacation with little need to build relationships with neighbors, they could be...
Can a building eject or evict a condo owner?
It’s the law of averages that putting large numbers of people in a condominium building can lead to situations where the rules are not being followed and and the board needs to do something to enforce the by-laws or house rules. Many times these disputes end up in...
Flood zone properties see lower prices and fewer sales
Unless they see it as part of their daily routine, New Yorkers tend to forget that the city is surrounded by water. If this is the case, blunt reminders often occur when extreme weather events like hurricanes or record rainfalls flood streets, subways and garden-level...
Buildings need to be careful when hiring independent contractors
Coops and condo associations in New York City hire individuals and businesses to perform various services. Some are professional businesses with a service contract to fix and replace HVAC, wash windows or care for the landscape. Others may be individuals doing one-off...
What if the building next door’s HVAC is too loud?
Loud neighbors come in many forms, ranging from college students to music lovers to loud talkers. While those renting an apartment in the City of New York are expected to tolerate a certain amount of noise that flows from city living, no one is required to suffer an...
A home buyer’s look at mortgage rates and purchase prices at the start of 2023
At the top of the long list of considerations for most home buyers who are determining whether or not they can afford to purchase a home are mortgage interest rates and purchase prices. These two factors are so interrelated, that given last year’s market, purchasers...
Buildings need to address the battery-charging issue
Last year, Lithium-ion batteries in e-bikes were found to be the source of multiple fires, injuries, and deaths throughout New York City. But these batteries are not new, and they can be found in commonly used and necessary items such as cell phones, laptops, tools,...