Tuesday, July 5, 2016 - 15:29
The move towards self-driving vehicles suffered a setback when the occupant of a self-driving car was killed in an accident. It is considered to be the first known fatality involving an autonomous vehicle.
The New York Times reported that, on May 7, Joshua Brown, of Canton, Ohio, was killed while he was behind the wheel of a... Read More
Thursday, May 12, 2016 - 09:28
On March 10, 2016 a New York City taxi cab jumped a curb and slammed into a building after driving at a high rate of speed. According to CBS New York, the taxi cab ran a red light at the intersection of First Avenue and 33rd Street at about 8:45 a.m. The taxi driver hit and injured two pedestrians, as well as... Read More
Wednesday, April 6, 2016 - 10:50
In Manhattan and the five boroughs, public transportation is easily accessible and convenient. In fact, according to StatsBee, only about 23 percent of households own a car in Manhattan, and between 44 to 64 percent of households own a car in the other boroughs. Although there are more individuals who own a car in the... Read More
Wednesday, March 23, 2016 - 14:34
According to a Wall Street Journal, concern is growing regarding fatigue among New York City taxi cab drivers in the face of stiff competition from app-driven companies, causing them to work more hours and potentially having an impact on traffic safety.
The change and its impact has been... Read More
Wednesday, March 16, 2016 - 00:00
The New York City Register’s Office collects a mortgage recording tax whenever a mortgage is recorded in any of the five boroughs except for Staten Island. The tax rate combines New York State and New York City Mortgage Recording Tax into one amount, which is based on the amount of the mortgage. The New York City Department of Finance has a... Read More
Wednesday, March 9, 2016 - 09:47
During the warm months, many people like to spend time outdoors. It can be very enjoyable to spend time on your deck or porch after a long day at work, or during a relaxing weekend. For many people, the deck or porch is an extension of the home and can be a place to dine, spend time with family and friends, or read a book. However, a porch or deck that is not properly maintained can present... Read More
Tuesday, March 1, 2016 - 09:14
Last month, the Real Estate Board of New York (REBNY) and the Building and Construction Trades Council of Greater New York (union) negotiated wages for construction workers on 421a sites. Unable to come to an agreement, the 421a tax abatement program expired in December 2015.
The 421a abatement program... Read More
Friday, February 19, 2016 - 12:40
Another construction tragedy recently occurred in New York City. At a Bed-Stuy construction site, a cinder block wall collapsed killing a 19-year-old construction worker and injuring two others. At the site, a one-story commercial building was being converted into a five-story structure that would also include residential units. The cinder wall was designed to hold back soil at the... Read More
Tuesday, February 9, 2016 - 00:00
A new law passed by the De Blasio administration concerning real estate sales in New York City requires disclosure of the names of shell company members. Over half the luxury condos that sold for five million or more last year were purchased by LLCs. Depending on the state in which the LLC was formed, individual members may not need to be named. (For example, filing for an LLC in Delaware... Read More
Monday, February 1, 2016 - 00:00
This month, there were two separate fatal accidents at Metro North rail crossings, calling more attention to safety at railway crossings. According to some statistics, it is estimated that a vehicle and train collide every 90 minutes nationwide and that people are 30 times more likely to die in a crash with a train than another vehicle. Because trains may not travel on consistent intervals... Read More