The city has released the 2024 Local Law 84 Covered Buildings Benchmarking List, which requires all properties on the list to submit a benchmarking report with 2023 data to the city by May 1. (Print: The Clock Is Ticking)
The city has released the 2024 Local Law 84 Covered Buildings Benchmarking List, which requires all properties on the list to submit a benchmarking report with 2023 data to the city by May 1. (Print: The Clock Is Ticking)
Congestion pricing is expected to negatively impact co-op and condo boards that lease their garages to garage operators, resulting in a reduction in rent and potentially ancillary revenue opportunities. (Print: The Consequences of Congestion Pricing)
A 209-unit co-op in Yorkville is upgrading its cooling and domestic hot water systems by going electric, saving $70,000 in energy savings annually and eliminating carbon emission penalties. (Print: A Three-Pronged Electrification Strategy)
Park Terrace Arms Corporation has turned a leaky roof into an energy-saving asset by installing 66 solar panels on a portion of its 4,500-square-foot roof, which has helped the co-op limit its emission penalties and save on energy costs. (Print: The Park Terrace Arms Tops It Off)
Inwood Park Apartments in Manhattan has used smart radiator covers to reduce oil use and avoid fines under Local Law 97, saving the building $24,000 annually and reducing carbon emissions by 26%. (Print: Inwood Park’s ‘Cozy’ Carbon-Curbing Solution)
New Jersey implements legislation mandating structural inspections and reserve funds for co-ops and condos, potentially influencing New York's future regulations.
A Midtown condo grapples with extensive vault repairs beneath the property, encountering complex regulations, revocable consent fees, and multimillion-dollar assessments.
A Brooklyn co-op, Sun Garden Homes Association, completes a facade insulation project using EIFS, enhancing aesthetics, reducing maintenance, and improving energy efficiency.
29 King St., a SoHo condo in a historic district, successfully replaces 48 windows with LPC-approved replicas, ensuring energy efficiency and aesthetics.
New Local Law 97 rules offer incentives for NYC buildings pursuing decarbonization retrofits, outlining good faith efforts, emission credits, and compliance measures.