ARCHIVE SEARCH RESULTS

Cabrini Terrace, a 217-unit co-op in Manhattan, restored its 1950s steam heating system to its original efficiency, saving 15% on gas usage and reducing its Local Law 97 penalty exposure by 15%. (Print: Old-School Steam Heat Gets Modern Makeover)

Executive Towers, a co-op building in South Bronx, has significantly reduced its energy consumption and emission fines by remeasuring its gross floor area, and plans to make further energy efficiency improvements. (Print: Breaking Out the Tape Measure)

The Clinton Hill Cooperative in Brooklyn has reduced its gas use by 50% since 2017 and is compliant with Local Law 97 until 2029, thanks to a master plan of energy-efficiency upgrades, including steam trap replacements, window replacements, smart sensors, and radiator covers, which were paid for out of the co-op's capital reserves without the need for an assessment. (Print: A Four-Pronged Solution Slashes Gas Bills In Half)

New legislation by the City Council will allow hundreds of co-ops and condos to apply for tax breaks for major building renovations, including roof repairs, energy efficiency retrofits, and electrification projects. (Print: J-51 Is Reborn — But Not For Everyone)

Co-ops must comply with the Corporate Transparency Act by filing beneficial ownership information with the Department of the Treasury's Financial Crimes Enforcement Network by January 1, 2025, or face penalties. (Print: The Corporate Transparency Act)

The Oxford, a 199-unit condo on the Upper East Side, is maximizing its energy savings by using automated building sensors and controls to participate in demand-response events, which generate financial rewards for reducing energy use during peak-demand periods. (Print: Snagging Cash-Back Rewards)

The Cezanne co-op in the West Village has successfully eliminated carbon emission penalties until 2035 by installing new heating controls, a pump replacement, and steam traps, saving money and making residents more comfortable. (Print: Steam Traps: the Secret to Efficient Heating)

The Ground Lease Renewal Bill (A10467A) has passed, easing financial complications for about 100 Queens and Westchester co-ops with land leases, allowing buyers to obtain 30-year mortgages and co-ops to remain in good standing. (Print: A NEW RENEWAL LAW AVERTS A CRISIS)

Parapet wall inspections are due by December 31, with the goal of ensuring public safety, but there is confusion as to what constitutes a parapet, who does the inspecting, and what counts as preventing access. (Print: Confusion Over Parapets)

Co-op City is undergoing a $48.5 million elevator modernization project, which includes replacing all 176 cabs, shafts, and machinery, and is expected to be completed in early 2025. (Print: 160 Elevators: An Upgrade Challenge)