Monthly Archives: May 2012

Co-op Tax Tsunami Coming?

With less than a month left in the State legislative session, the co-op and condo tax abatement that expires June 30th has yet to be extended. Failure to act could result in the 17.5 or 25 percent abatements being tacked … Continue reading

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Water up, Lead down

The City Water Board finalized a 7 percent rate increase, effective July 1st. Any buildings still on frontage will automatically go into the Multifamily Conservation Program with a flat $894.15 per unit per year charge. If you want to know … Continue reading

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Keep the faith

Congratulations to Gail Badger, a Dean in our Registered in Apartment Management program, who received a doctorate in ministry from the New York Theological Seminary this week after presenting her dissertation on Faith-Based Property Management. The speaker for our May … Continue reading

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Ouch, Those Taxes Are Killer

You knew that tax bill hurt. The Furman Center at NYU just released an analysis showing that property taxes on apartment buildings are five times the taxes on similar 1-3 family homes in the City, and New York ranks second … Continue reading

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