Helpful COVID-19 resources for you

The New Rent Laws: What You Need To Know (For Now) by Jessica Feder-Birnbaum

The new rent laws that went into affect in June 2019 have been overhauled to protect tenants. Landlords and management companies are scrambling to be law abiding and stay profitable. As with any new system, there’s a learning curve. Landlord feedback is that the laws skew too highly in favor of tenants. How pushback will alter these policies remains to be seen. Whether you’re a rent stabilized or market rate tenant, read on to see what these changes are and…

Annual Meetings – A Breakdown in Real Time

If you are a New York City coop or condo owner you may have received a notice to attend your building’s annual shareholder (for coops) or unit owner (for condominiums) annual meeting. These meetings tend to proliferate in May and June. Building bylaws follow guidelines that were developed under the Business Corporation Law (BCL) for coops, and The New York Condo Act for condominiums. One of these rules is that a building or community’s bylaws will dictate specifically what month…

Everything You Need to Know if Purchasing After July 1st in NYC

Written by: Robert Varvara, The Steven Cohen Team at The Corcoran Group As New York City continues to experience a desperate need for funds to improve vital infrastructure, legislators look to homeowners in the city’s high-end luxury market. Amid confusion and substantial opposition surrounding the ‘pied-a-terre tax’, answers finally became clear when April rolled around. The so-called “millionaire’s tax” would be an annual charge on any apartment or house in NYC valued at over $5M that serves as a secondary…

Helpful Tips for Purchasing the Perfect Vacation Home for Retirement

Making the leap and purchasing a vacation home is an exciting experience. It means you can visit your favorite travel destination without paying for impersonal hotels or booking accommodation months in advance. But before you settle on your dream home, make sure that it meets the needs of your family and fits your budget. Avoid Common Mistakes People who purchase a vacation home on a whim are likely to make a few mistakes. According to MarketWatch, people often put too…

How to Land Your Dream Apartment in New York City

Apartment searching anywhere can start out being very fun and quickly turn into a very time-consuming and daunting process. Looking for apartments in New York City, specifically, can leave seekers feeling very helpless due to higher rents, smaller living spaces and the need to be near the ‘perfect train.’ I would know, by 30 I had lived in midtown East, the Upper East Side, Midtown West, Queens and two stints in Brooklyn. Why is NYC so desirable? • Proximity to mass transportation:…