Author Archives: abogny

The House Tax Reform Bill introduced yesterday limits the home mortgage interest deduction to mortgages under $500,000 and the state and local tax deduction to $10,000 in property taxes. It preserves 1031 exchanges and the Low Income Housing Tax Credit, but eliminates the … Continue reading →

Imagine a world where potential customers discover your business effortlessly, already primed to do business with you. That’s the magic of Search Engine Optimization (SEO). But what exactly is SEO, and how can it transform your online presence? Let’s delve … Continue reading →

The State Division of Housing, this week, issued Policy Statement 2017-1 on the Eligibility of Non Construction Costs, i.e. professional fees, to be included in Major Capital Improvement Rent Increases. Bottom line, if the services of an architect or engineer are required … Continue reading →

New night time hearing requirements (62 degrees regardless of outside temperature) took effect Sunday and the long range forecast indicates it will become an issue Wednesday. Coincidentally, that’s when we hold a seminar on the subject at 8:30 a.m. at Scandinavia House, 58 Park Avenue. You should attend … Continue reading →

Mayor de Blasio, yesterday, announced he would introduce legislation to fine owners of up to 14,500 commercial and residential buildings over 25,000 square feet if they don’t meet energy conservation goals by 2030. Details are not yet available. Meanwhile, beginning … Continue reading →

Gas shutoffs are increasing due to a combination of a crackdown on illegal connections; publicity about gas safety, including a new City law requiring owners to advise tenants to call 911 if they smell gas; and a new statewide requirement for utilities … Continue reading →

A condo building is asking $15,000 a month for the pain of being next to construction at a midtown library in a case that could establish new ground on adjacent construction disputes. Thousands of apartments rented to non-profit cluster housing … Continue reading →

The New York State Division of Homes and Community Renewal has stopped providing tax exempt bond financing for 80-20 projects. It will only be funding 100% affordable projects for the time being, according to the Commissioner. Proposed rezoning of the … Continue reading →

President Trump, Tuesday, reversed an Obama-era Executive Order that would have resulted in expansion of regulated flood plain areas, including large swaths of Brooklyn, Lower Manhattan, southern Long Island and the lower Hudson Valley. The changes would have increased flood … Continue reading →

Mayor de Blasio has scheduled a noon press conference to sign the tenant right to counsel bill into law. As we blasted in our email alert yesterday, the New York City Council, passed almost 20 anti-owner bills Wednesday under the … Continue reading →