GDB Firm Blog
FEBRUARY 4, 2019
Many of our condominium clients face expensive capital improvement projects. While cooperatives can obtain a traditional mortgage loan by pledging their building as collateral, condominiums cannot do this. But there is still a way for condos to finance their projects.
GDB Firm Blog
FEBRUARY 6, 2019
As a landlord (especially in a Cooperative), you want to make sure maintenance is timely paid, as the building's own financial obligations are dependent on that income. But sometimes in the haste to get paid, some basic facts are overlooked or not even known.
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GDB Firm Blog
FEBRUARY 6, 2019
An apparent split between Appellate Divisions has finally been resolved by the Court of Appeals. The Court of Appeals held that a landlord can be liable on a mechanic's lien filed by a contractor which only performed work for a tenant in the building. The landlord's "consent" could be found in provisions in the lease requiring specific improvements.
GDB Firm Blog
FEBRUARY 4, 2019
For many - one of the allures of owning real estate in Manhattan is that owners are afforded certain liberties and freedoms that renters do not otherwise have. However, unit ownership in a multiple dwelling is not free from restriction.
Speaker: Blackberry, OSS Consultants, & Revenera
Software is complex, which makes threats to the software supply chain more real every day. 64% of organizations have been impacted by a software supply chain attack and 60% of data breaches are due to unpatched software vulnerabilities. In the U.S. alone, cyber losses totaled $10.3 billion in 2022. All of these stats beg the question, “Do you know what’s in your software?
GDB Firm Blog
FEBRUARY 4, 2019
Effective December 12, 2018, per Local Law 117 of the City of New York, the owner of a unit in a multiple dwelling must provide to its tenant(s) stove knob covers for each knob located on the front of each gas-powered stove where the owner knows or reasonably should know that a child under six years of age resides in the unit. Owners must also provide stove knob covers in a unit without a child under age six if the tenant requests them.
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