Showing posts from 2022

From 1 room to 2: The insider's guide to temporary pressurized walls

I f you are a new renter in New York City, maybe as a recent college grad or young professional, your strategy might be to divide and conquer an apartment—and squeeze in a roommate or three—in order to turn a place you can't afford into one that you can. One of the ways to do this is to put up a temporary pressurized wall, which can transform a one-bedroom apartment into two (or a two-bedroom into three, and so on). Using a temporary pressurized wall—one that is not permanently attached to the walls or floor and doesn't interfere with the ventilation or sprinkler systems, or block exit routes—is a popular strategy to add a bedroom for apartment shares or families. You can also use a pressurized wall to create a home office if you work from home. Here's what you need to know about using a temporary pressurized wall safely, and a round-up of the companies that sell and install them This temporary pressurized wall system with French doors by Manhattan Pressurized Walls runs ab

How much does co-op and condo insurance cost in New York City?

I f you’re buying a co-op or a condo in New York City, you also need to plan on buying co-op or condo insurance—so it’s a good idea to budget for that cost. (Your building will have a master insurance policy, but that only covers the concrete shell of your apartment and common spaces.) While of course, it’s prudent to get co-op or condo insurance, it’s also often a requirement of your building or your mortgage lender. In fact mortgage lenders tend to be more strict than buildings; they often require condo owners, for instance, to insure the interior structure—walls, floors, built-in renovations—for at least 20 percent of the loan. The cost of co-op vs. condo insurance in NYC There’s not much difference in the cost or the specifics of co-op or condo insurance in New York City.  “The prices are the same and the contracts are virtually identical, too,” says Jeffrey Schneider, president of  Gotham Brokerage.  "The right degree of coverage is what matters." The pandemic has brough

Luxury Market Report - Contracts Signed - Manhattan Residential Properties $4M & Above - August 22-28, 2022

 Luxury Market Report - 2022 Report on Contracts Signed Manhattan Residential Properties $4M & Above  August 22-28, 2022 Full Report:

How to decarbonize your house with the Inflation Reduction Act incentives

  Heat pumps, insulation, and electric stoves will reduce your home’s use of fossil fuels and save you money—and the Inflation Reduction Act makes the upfront costs easier to handle. A typical house runs on fossil fuels: Gas or oil powers your furnace and water heater. The stove in your kitchen probably also runs on gas (that is, methane); the direct emissions from all of the gas stoves in the U.S. are  equivalent to the pollution from half a million cars  as methane leaks out during use and as the appliances sit there. Your clothes dryer might also run on gas. The electricity from your utility company probably still isn’t fully renewable. The car in your garage probably isn’t yet electric. “If you add all of that up—all the decisions we make about energy at our kitchen tables—something like 42% of U.S. energy emissions are tied to those decisions,” says Sam Calisch, one of the founders of  Rewiring America , a nonprofit focused on electrification. Systems-level changes obviously also

Here's what you need to know about installing central AC in your NYC brownstone

  W as it hot enough for you this summer? If you own a brownstone, you may well be considering installing central air conditioning to make your home more comfortable now that longer stretches of higher temperatures are predicted to be the new normal. (So long unsightly window units.) Knowing your options will help determine if it’s worth the investment.  And if you own a multi-family townhome, installing central AC is a way to attract or keep tenants in a pricier rental market. “Adding air conditioning will make the rental more competitive with newer developments. You can’t give them a swimming pool but you can give them this value-added amenity," says Soozy Katzen, leasing director at  Fox Residential. It’s a way to help your property stand out in the white-hot townhouse rental market, too. Nadine Adamson, a broker at  Brown Harris Stevens, leases the garden floor of her own townhouse. “Now is an especially good time to spend money toward attracting qualified candidates.” (She sh