Author Archives: abogny

The biggest scofflaw and tenant harasser in New York is, once again, the City Housing Authority. Late last week it was revealed that the Authority sent 1400 tenants mistaken eviction notices, and this week the Department of Investigation revealed that … Continue reading →

Legal rents must be shown in all renewals of preferential leases, according to an updated Fact Sheet quietly released by DHCR last week. The Fact Sheet also outlines the changes to vacancy allowances after a preferential lease per the Rent Act of … Continue reading →

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 →