Brick Underground

“Board operations for both condos and co-ops are affected by multiple executive orders issued by the governor as a result of the coronavirus,” says Steve Wagner, partner at the Manhattan law firm Wagner, Berkow & Brandt. It’s worth speaking with your building’s attorney concerning annual meetings, closings, and move-in policies.

The number of listings going off market continues to outpace the number of new listings, however an increase in new listings suggests that sellers may slowly be returning to the market, says Noah Rosenblatt, CEO of UrbanDigs.

Bolster, a design-build firm, discusses how the novel coronavirus (Covid-19) pandemic could effect NYC homeowners who are in the process or planning a renovation.

A new report from UrbanDigs, a Manhattan real estate analytics platform, notes an increase in listings comes after five weeks of sharp declines.

“Some of the issues buildings may need to consider in the current crisis would be premises liabilities, like warning the building community about a resident’s Covid-19 exposure, or where one or more shareholders did not pay their common charges due to financial hardship,” says Ian Brandt, a partner at the Manhattan real estate law firm Wagner, Berkow & Brandt.

Inventory dropped to a record low for Long Island, and fell significantly for the other two markets, according to Douglas Elliman’s first quarter market report.