REBNY warns 3,700 buildings could face over $200 million in Local Law 97 fines next year

… to implement Local Law 97 REBNY says that thousands of properties will likely fail to comply with the law even if … credits The study found that as soon as next year over 3700 properties could be out of compliance and confronted with … will be the most impacted … The law covers all types of properties but rental coop and condo buildings will be among …

By Jennifer White Karp |January 23, 2023 - 4:30PM