Apr. 19, 2024 By czarinnaandres Apr. 19, 2024 By Ethan Marshall The owners of a Long Island City condominium building reached a $119,000 settlement with their service workers earlier this month after failing to pay them prevailing wages, which they are required to do as part of an agreement to get a lucrative 421-a tax… Read more »
Tag: condo
THE COSTS OF CHANGE: NYC co-op and condo owners join forces with big real estate to soften Local Law 97
Aug. 16, 2023 By Ben Brachfeld and Christian Murray The city’s landmark building emissions law, Local Law 97, is set to go into effect next year, and the complex rule-making process has set off a frenzy of lobbying activity aimed at influencing and potentially weakening the statute aiming to help combat climate change. Local…
Western Queens co-op/condo owners learn about costs of new climate law at town hall event
Aug. 1, 2023 By Michael Dorgan More than 150 concerned western Queens residents attended a town hall event in Sunnyside on Wednesday, July 26, to learn about a new climate law that is likely to impose hefty costs on the owners of older co-op and condo buildings — and how to rally against its…
THE COSTS OF CHANGE: NYC co-op and condo owners face expensive dilemma in upgrading buildings to meet new climate law
Jul. 26, 2023 By Christian Murray, Michael Dorgan and Sarah Belle Lin New York City condo owners and co-op managers may soon learn that there are other major costs to climate change beyond hotter summers, stronger storms, flash floods and apocalyptic smoke. Time is running out for the owners of large residential buildings throughout…