Feature
January 25, 2023
These 26 reforms are projected to save NYC small businesses roughly $1.5 million.
In January 2022, Mayor Adams signed Executive Order 2, “Small Business Forward,” to reform existing business regulations and ensure local businesses face fewer needless fines and penalties. The...
Rent Increases
January 25, 2023
On Jan. 4, the DHCR issued its second update to Operational Bulletin 2021-1. When the Housing Stability and Tenant Protection Act (HSTPA) was enacted, it directed the DHCR to create a schedule of reasonable costs associated with major capital improvements (MCIs). The document is updated annually to...
Management Basics
January 25, 2023
On Jan. 18, the NYC Department of Finance (DOF) announced the publication of the tentative property assessment roll for fiscal year (FY) 2023, which shows the total market value of all New York City properties for the upcoming year at about $1.398 trillion, an increase of 8.2 percent from the 2022...
Management Basics
January 25, 2023
Stove knob covers are an important fire prevention tool. The covers make stove knobs on gas-powered stoves inaccessible to children. Local Law 117, which became effective in December 2018, requires that an owner of multiple dwellings provide stove knob covers for gas-powered stoves where the owner...
In the News
January 25, 2023
Mayor Eric Adams and NYC Corporation Counsel Sylvia O. Hinds-Radix recently announced the filing of two lawsuits against Alma Realty Corp. and Empire Management America Corp. for the failure to fix thousands of code violations that created dangerous living conditions for tenants. The lawsuits seek...
