Monthly Archives: May 2011

Saving Green

The Rockefeller Group just got an incentive check for $557,370 for improvements on the cooling equipment at the Time-Life Building on Sixth Avenue through Con Ed’s commercial and industrial energy efficiency program. They are also expected to save nearly $1 … Continue reading

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Sunset

Gov. Cuomo, Speaker Silver and Majority Leader Skelos agreed on a tax cap plan that would remain in effect as long as rent regulations continued. Skelos says he hasn’t agreed to specific sunset language or changes in regulations yet, but … Continue reading

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With Friends Like These

With just about three weeks until rent regulations expire, tenant advocates are attacking…their friends. Sen. Adriano Espaillat says Gov. Cuomo – who just released a video calling for extending and expanding controls – is not doing enough, and Sen. Ruben … Continue reading

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Water Rates Up 7.5%

The New York City Water Board raised rates 7.5% effective July 1, 2011. After so many years of double digit increases that almost seems reasonable…not.

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Newsletter: May 20, 2011

Larry Gluck’s Stellar Management scored an important but narrow victory in federal court on whether rent regulation applied to Independence Plaza because it received J-51 benefits after exiting the Mitchell Lama Program. The lower State courts said yes, and the … Continue reading

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Newsletter: May 13, 2011

Contrary to popular belief, the Department of Buildings now says that site safety managers or coordinators don’t have to be third party consultants. They can be employees of the construction company doing the work. DOB is also responding to the … Continue reading

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Newsletter: May 6, 2011

The City Rent Guidelines Board, Tuesday, approved preliminary 2011-12 stabilized lease renewal guidelines ranging from 3 to 5.75 percent for a one-year lease, and 6 to 9 percent for a two-year lease renewal. They also proposed a temporary fuel surcharge … Continue reading

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Newsletter: April 29, 2011

Effective May 1st, you can no longer rent units in Class A multiple dwellings for less than 30 days, pursuant to a law passed last year to discourage transient uses in apartment buildings. City Planning has proposed creating a new … Continue reading

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Newsletter: April 22, 2011

 SAVE THE DATE: June 9, 2011 The new HPD Commissioner Matthew Wambua will be our guest speaker. Invitations will go out next week. Please note that this meeting replaces our regular May luncheon. #6 Oil was officially put on death … Continue reading

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Newsletter: April 15, 2011

The New York State Assembly passed what should be called the “Millionaire Renters’ Protection Act.” A02674A provides that all apartments deregulated since January 2007, and all apartments deregulated before then that are renting for less than $5000, be reregulated sets … Continue reading

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