Feature
January 25, 2019
Several new and re-elected state senators have made eliminating rent increases tied to major capital improvements (MCIs) important parts of their housing agenda. Last year, State Senator Mike Gianaris and Assemblyman Brian Barnwell introduced a bill in their respective chambers that would repeal...
Management Basics
January 25, 2019
Local Law 55 of 2018, the Asthma-Free Housing Act, became effective on Jan. 19. Under this law, an owner of multiple dwellings will be required to inspect units annually for indoor allergen hazards, such as mice, cockroaches, rats, and mold. And it requires owners to prevent and remove these indoor...
Management Basics
January 25, 2019
On Jan. 15, the New York City Department of Finance (DOF) announced the publication of the tentative property assessment roll for fiscal year (FY) 2020, which shows the total market value of all New York City properties for the upcoming year at about $1.323 trillion, an increase of $72 billion, or...
In the News
January 25, 2019
New York City recently sued Metropolitan Property Group (MPG) along with a number of associated entities and people for turning at least 130 apartments across 35 residential buildings, including one entire building in East Harlem, into illegal short-term rentals primarily through Airbnb. According...
In the News
January 25, 2019
New York YIMBY recently issued its annual construction report, which includes all new development job applications filed with the Department of Buildings (DOB) from Jan. 1 to Dec. 31, 2018. In 2018, the total number of multifamily units filed with the DOB increased 70 percent from the prior year....
