Cooling tower owners have only a short window of time to coordinate startup efforts.
Springtime marks the time of year when HVAC cooling towers are put back into service. The NYC Department of Health and Mental Hygiene (DOH) recently issued seasonal startup...
The relocation stipends for demolition orders have been increased.
One of the grounds upon which an owner may end a rent-regulated tenancy is where the owner intends to demolish the building. However, in such situations, an owner must first obtain DHCR...
In December 2023, Governor Hochul signed legislation (S2980C/A6216B) that seeks to strengthen rent-stabilized tenant protections. The legislation broadens the definition of fraud in rent overcharge cases, requires owners...
New York City Local Law 30 of 1970 stipulates that Maximum Base Rents be established for rent-controlled apartments according to a formula calculated to reflect real estate taxes, water and sewer charges, operating and maintenance expenses, return on capital value, and vacancy and collection...
The city’s landmark climate law went into effect Jan. 1.
DOB recently adopted a second major rules package for the implementation of Local Law 97 of 2019, the city's carbon emissions law that places limits on greenhouse gases coming from the city...
Unsurprisingly, the majority of the items show a cost increase from 2023 to 2024.
On Jan. 3, the DHCR issued its third update to Operational Bulletin 2021-1. When the Housing Stability and Tenant Protection Act (HSTPA) was enacted, it directed the DHCR to...
Class 2 rentals saw a market value increase of 5.7 percent.
On Jan. 16, the NYC Department of Finance (DOF) announced the publication of the tentative property assessment roll for fiscal year (FY) 2025, which shows the total market value of all NYC properties...
