Emily Myers

“Requests to transfer a co-op’s shares to a trust or to buy a co-op with a trust or limited liability company do add another layer of bureaucracy for a co-op—but an increasing number of boards are considering it,” says James Woods, Esq., managing partner at Woods Lonergan.

If you suspect a leak or water damage has affected the air quality in your rental apartment, your first step would be to speak to the landlord, management company, or super. Under Local Law 55, owners with three or more apartments are required to keep units free of pests and mold, so if there's been water damage in the past, it is their responsibility to remediate.

Recording others when you are not a party to the conversation and in places where there’s an expectation of privacy—such as within one’s home—could be against the law, says says Niki Khindri, an attorney at NYC real estate law firm Adam Leitman Bailey P.C.

And, a snapshot of the rental market from StreetEasy shows the number of NYC listings increased in May—the first uptick in 18 months

Applications are open for 177 new apartments at 555 West 38th St. in Hudson Yards through the affordable housing lottery. Applicants are eligible if they earn $47,966 to $187,330, depending on the size of their household. 

Rent increases of 3.25 percent are approved for tenants with one-year leases in rent-stabilized apartments—the biggest hike in a decade. Two-year leases can be raised 5 percent.