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
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
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
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
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
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
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
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
Many people enjoy spending time outdoors in the spring and summer months bicycling. Recently, the bicycle company Trek recalled certain models of their bicycles due to a malfunction of a quick release lever on the front wheel hub, causing the wheel to separate from the bicycle. The malfunction could cause the rider to lose control of the bicycle resulting in serious injuries. Nearly one...Read More
The hoverboard may have been the go-to gift this holiday season but it’s costing its owners more than just the price tag. Many are calling to question the safety of the electric, two-wheeled, self-balancing scooter as the number of injury reports associated with the product continues to rise. According to the U.S. Consumer Product Safety Commission (CPSC) there have been 70 reported emergency...Read More