Andrews Organization

New York City’s increases on the cost of land can overwhelm co-ops that have a ground lease. Read the case study on Carnegie House in CooperatorNews along with possible legislation that may be implemented in the near future to prevent similar misfortunes for other ground lease co-ops here: https://lnkd.in/d7PUutQv #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #nycproperty #propertyinvestment #condo #coop #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #buildingmanager #buildingservices #landlease #groundlease

NYC has added new compliance deadlines to 2025. These include Sustainability Filings (LL 97 & LL 88,) Residential Requirements (LL 31 & LL 157,) and various new Parking Structure Inspections. SiteCompli® has all the details here: https://lnkd.in/gBuRyNSc #realestate #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #property #investment #business #realty #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #facilities #maintenance #buildingmanager #buildingservices #buildingcompliance #buildinginspection

The current insurance market poses many challenges for property management firms. Higher premiums, reduced coverage, and stricter emphasis on risk management, have left many property managers struggling to find good, affordable coverage for their clients. WA Group gives the top 5 reasons navigating the insurance market right now is so difficult, and possible strategies to overcome these challenges. To read the article, click here: https://lnkd.in/eNPxhP2X #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #nycproperty #propertyinvestment #condo #coop #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #buildingmanager #buildingservices #propertyinsurance #insurancemarketnyc #realestateinsurance

Although never welcome by co-op or condo residents, assessments are an essential resource for boards and owners when building repairs need to happen. Assessments are temporary increases added to your maintenance or common charges to cover a specific improvement or top up a co-op's reserve fund. CooperatorNews gives a comprehensive breakdown of when and why assessments are necessary, as well as what other alternatives are available to secure funds for co-op and condo expenses. Click here to read the full article: https://lnkd.in/e5evWpsU #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #nycproperty #propertyinvestment #condo #coop #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #buildingmanager #buildingservices #assessments #financialmanagement

With the NYC summer heat waves in full swing, here are some cooling tower tips from The Department of Health and Mental Hygiene. Click through images for “A few TIPS” to keep your equipment in good condition and prevent harmful bacteria growth. To read more, click the SiteCompli® article here: https://lnkd.in/ed8-fs4q #realestate #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #property #investment #business #realty #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #facilities #maintenance #buildingmanager #buildingservices

August 1st has a compliance deadline - don't miss it: Early annual observation due for parking structures in Subcycles B and C (Manhattan CD's 8 and up; all other boroughs) #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #property #investment #condo #coop #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #buildingmanager #buildingservices #buildingcompliance #compliancedeadlines

The Fair Chance Housing Act (Local Law 24) goes into effect January 1st of next year. It will severely limit the use of criminal background checks when vetting applicants for renting, leasing, or owning property. Property owners are understandably concerned it will limit their ability to keep their residents safe. To learn more about the specifics of the law and what will soon constitute a legal background check when evaluating potential residents, read the Cozen O'Connor article here: https://lnkd.in/eWZ8APVq #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #nycproperty #propertyinvestment #condo #coop #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #buildingmanager #buildingservices #propertyinsurance #criminalbackgroundchecks #fairchancehousingact #locallaw24

#happyfourth #independenceday #fourthofjuly2024 #weareandrews

The NYC Fiscal Tax Year (FY25) has just begun, and the NYC Department of Finance (DOF) has tentatively assessed the total market value of all New York City properties for FY25 at $1.491 trillion – a 0.7 percent increase from Fiscal Year 2024. Condos and Co-ops fall into the Class 2 tax bracket and saw a total market value increase of 5.3% with properties in Brooklyn actually increasing by 9.2%. To read more details about the DOF’s assessments for the current tax year, click here: https://lnkd.in/eyVrJtYk #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #nyproperty #propertyinvestment #condo #coop #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #buildingmanager #buildingservices #fiscalyear2025 #nycpropertytax

Negotiating Access Agreements is a vital component of any new capital project a building undertakes. Although certain projects, which may be required by the city or in buildings deemed unsafe, may be eligible for court-mandated access under Section 881 of the Real Property and Procedures Law (RPAPL), it is always preferable to avoid litigation when negotiating with one’s neighbors. When beginning a new project, Andrews Organization Capital Projects Division works on obtaining access to an adjacent building as early as possible, since contacting the neighbors politely and expeditiously is an integral part of keeping a capital project on its timeline. In the present climate of NYC, negotiating skills are key in maintaining lasting relationships with our neighbors. Now more than ever, the Penthouse apartment owners play an integral part in the access agreement process. Whether it be simple protection, other necessary means of egress, or just a desire for more information, residents of adjacent buildings need to feel like they are being heard and their concerns are addressed. #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #nyproperty #propertyinvestment #condo #coop #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #buildingmanager #buildingservices #conflictresolution #capitalprojects #accessagreement #Section881 #RPAPL