How well your building is maintained doesn’t just affect your life as a resident, it can improve your building’s value when it comes time to sell.
Add some simple maintenance routines to your building’s list to make it more attractive to sell in the near-term and down the line. Take these tips and examples from Mallory Brown Bogard, a New York real estate broker whose team advised and transacted on over $100M in deals in 2021. MORE=>>
Read MoreAs the number of devices connected to the internet (known as the Internet of Things, or IoT) grows, so does the risk of cyberattacks. With the increase in technology used in coops and condos, the board has a responsibility to protect the association and its owners from these threats. Here are some tips for NYC condo and co-op boards to help keep their buildings safe from cybercrime.
Read MoreOn June 10th, 2022, the City Council's Committee on Environmental Protection met to discuss a newly introduced bill that would ban heating oil No. 4 by 2025. Initially passed in 2010, Local Law 43 as it currently stands bans oil No. 4 by 2030. This controversial issue has led to a “heated” debate amongst New York City officials. Some believe that this is a necessary measure in order to protect the environment and public health, while others argue that it will be too costly and disruptive for building owners. More here =>>
Read MoreNYC's Local Law 97 requires large buildings to make significant reductions in their emissions by 2030. The law applies to all buildings over 25,000 square feet, and its goal is to help New York City meet its climate goals by reducing greenhouse gas emissions by 80% by 2050. The law is expected to cost all NYC building operators, including coops and condos billions and billions. Here’s what you need to know about NYC Local Law 97:
Read MoreInflation is a problem that has been affecting us all in virtually all aspects of our lives, and coops and condos are certainly no different and not in any way immune. The costs of goods and services needed to operate and maintain apartment buildings have been steadily rising; the latest official government number pegs inflation at 9.1%. More here on how coop and condo board can offset inflation.
Read MoreIf you're planning on grilling this Fourth of July, make sure you're aware of your property's grilling rules. In a single-family home with a garden, there are many more options than there are in an apartment building, including a coop or condo. In New York City, the NYC Fuel Gas Code §623 and the NYC Fire Code §307.5 strictly regulate the use of grills. Here are the most popular types of grills and guidance to stay safe and compliant in New York City
Read MoreLiving in a coop or condo building in New York City can be a great experience, but it also comes with its own set of challenges. One of the most important aspects of living in a shared building is getting to know, and getting along with your neighbors. The board of directors and property management are crucial factors in ensuring that your building runs smoothly. They play an important role in making the building a welcoming place to live and call home. Here are 10 interesting statistics about NYC coop and condo living.
Read MoreAs an entrepreneur and business professional, it is important to build relationships with other industry professionals. Some people feel that they do not want to get to know their “competitors,” but in our opinion, knowing other industry professionals allows for collaboration. It will also help you exchange ideas, learn new things, grow your business, or operate your coop or condo more efficiently. Read our top tips on building great relationships with other real estate and construction industry professionals here =>>
Read MoreIf you live in a coop, condo, or HOA, you likely have wondered about the House Rules, why they exist (seemingly to randomly torture residents), and whether they are necessary. Well, rest assured, they do indeed serve a practical purpose. We believe it is of the utmost importance that all residents are treated equally and fairly; House Rules are one of the ways to codify this uniformly. READ MORE=>>
Read MoreAs a NYC coop or condo owner, you might think that you have everything under control. But even the best coop or condo owner makes mistakes. It is important to be aware of the common mistakes that other coop and condo owners make. By avoiding these mistakes, you can save yourself time, money, and stress. Read more =>>
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