This procedure outlines what NYC Department of Finance requires to apportion and approve a new condominium. Our goal is to make sure the public understands our review process and knows exactly what information and...
Latest Posts
Do New Housing Units in Your Backyard Raise Your Rents?
Abstract “There is a growing debate about whether new housing units increase rents for immediately surrounding apartments. Some argue new market-rate development produces a supply effect, which should alleviate...
REBNY UNIVERSAL NEW DEVELOPMENT BROKERAGE AGREEMENT (June 2020)
The REBNY Universal New Development Brokerage Agreement was updated in 2020. It lays out the contractual terms between developers and outside brokers. Erin Hudson, wrote in The Real Deal, “The document defines the...
Real estate broker fee: How to file a complaint
The changes to New York law enacted by the 2019 Tenant Protection Act have a lot of people wondering whether they can get broker fees charged to them returned. The first step you might take is to speak directly with...
The 7 real estate broker licenses types in NYS and how to apply
When you look up a real estate broker’s license, next to their name you will see a “License Type” displayed. In New York State there are 7 different real estate broker license types. Below we have...
Housing Stability and Tenant Protection Act of 2019: Senate Bill S6458
Summary Enacts the “Housing Stability and Tenant Protection act of 2019”; extends and makes certain provisions of law permanent relating to rent control and rent stabilization (Part A); repeals provisions of...
Tenant Protection Act: DOS Guidance thru Jan 31 2020
On January 31, 2020, guidance for real estate professionals concerning how to understand the Tenant Protection Act was issued. It included 14 questions and answers. The Jan 31 questions and answers are provided below...
New York City Property Tax System Background
New York City Property Tax System History 1975 Court of Appeals Case: Hellerstein v. Town of Islip – SeminalcaseforrealpropertytaxreforminNYS In 1981, NY’s Real Property Tax Law was amended to create what is effectively...
NYC Advisory Commission on Property Tax Reform: Preliminary Report Jan 2020
The NYC Advisory Commission on Property tax Reform reached consensus on 10 initial recommendations: The Commission recommends moving coops, condominiums and rental buildings with up to 10 units into a new residential...
NYC Retail Registry Legislation
Legislation Text – Int 1472-2019 Int. No. 1472-B City Hall New York, NY 10007 File #: Int 1472-2019, Version: B By Council Members Rosenthal, The Speaker (Council Member Johnson), Levine, Ayala, Brannan, Rivera...
The costs that come with renting in NYC: all you need to know
Frank Sinatra sang about his “vagabond shoes” taking him to New York. These days if you want to rent an apartment in New York, chances are there won’t be anything vagabond about you — particularly where your bank...
Things to consider before buying a groundfloor apartment
If you live in an old NYC walk-up or a townhouse that is split into apartments you probably dread traipsing up flights of stairs at the end of the day. And if there are bags, packages or furniture involved, let alone...
