49 episodes

Join Mark Levine from EBMG, a New York City real estate property management firm as he talks everything NYC real estate with special guests and experts in the field.

Mark has been in the NYC real estate sector since 1998 and enjoys talking about some of the hottest topics and questions on everything related to real estate in New York City.

Have a question or something you want to add to the show, send us an email at nycrealestatepodcast@gmail.com and we'll try and cover it.

NYC Real Estate Mark Levine (EBMG)

    • Education
    • 4.9 • 17 Ratings

Join Mark Levine from EBMG, a New York City real estate property management firm as he talks everything NYC real estate with special guests and experts in the field.

Mark has been in the NYC real estate sector since 1998 and enjoys talking about some of the hottest topics and questions on everything related to real estate in New York City.

Have a question or something you want to add to the show, send us an email at nycrealestatepodcast@gmail.com and we'll try and cover it.

    49. The Differences Between Cooperatives and Condominiums with Julie Schechter, Esq. from Armstrong Teasdale LLP

    49. The Differences Between Cooperatives and Condominiums with Julie Schechter, Esq. from Armstrong Teasdale LLP

    Host Mark Levine from NYC Property Management firm EBMG sits with Julie Schechter, Esq., a frequent guest and partner at law firm Armstrong Teasdale to go over the fundamental differences between cooperative and condominium buildings.

    Email the show! nycrealestatepodcast@gmail.com or call 212-335-2723 x.201

    Email Julie Schechter at jschechter@atllp.com

    Topics discussed on this episode include:

    - when buying into each building, what are you buying?

    - what is an Offering Plan?

    - what is the Proprietary Lease?

    - What are bylaws?

    - Right of First Refusal (condo)

    - Reasons to decline a buyer (coop)

    - Underlying Mortgages / Tax Deduction Letters

    - Board limitations

    - Arrears Collections Procedures

    - and more.

    • 43 min
    48. Local Law 126 Garage Inspections with Joe DiPompeo, PE and Scott Baryiewski

    48. Local Law 126 Garage Inspections with Joe DiPompeo, PE and Scott Baryiewski

    Host Mark Levine of NYC Property Management firm EBMG sits with Joe DiPompeo, PE of Structural Workshop and Scott Baryiewski of South Shore Construction to discuss the new Local Law 126 of 2021 imposed by NYC DOB, relating to regular parking lot inspections in the five boroughs.

    Email the show! nycrealestatepodcast@gmail.com or 212-335-2723 x.201

    **New Law** Beginning January 1, 2022, Local Law 126 of 2021 (Intro No. 2261-A) requires owners of parking structures to hire a NYS licensed and registered professional engineer to inspect the structure at least once every six years and file a report with the Department of Buildings documenting the results of the inspection that include:

    • buildings, or portions of a building, used for parking or storing motor vehicles, including space inside or under a building

    • open parking garages and enclosed parking garages as defined in the NYC Building Code.

    Exceptions

    The following structures will not be required to comply with the new inspection requirements:

    • autobody and automotive repair shops, automotive showrooms, and automotive service stations

    • garages with occupancy of fewer than three cars

    • unenclosed, unattached outdoor parking lots

    • private garages serving one- and two-family homes.

    Email the experts!

    Joe DiPompeo, joedip@structuralworkshop.com

    Scott Baryiewski, scott.southshore@gmail.com

    • 35 min
    47. A Tragic Bronx Fire and Fire Safety Preparedness

    47. A Tragic Bronx Fire and Fire Safety Preparedness

    Host Mark Levine of Property Management firm EBMG talks about the tragic fire over the last weekend that killed at least 19 residents along with requirements from ownership's perspective to give out Fire Safety information, signage and more, to reduce the risk of an occurrence like this from happening again. 

    Email the show! nycrealestatepodcast@gmail.com or call Mark directly at 212-335-2723 x.201

    On this episode, Mark goes over:

    - Emergency Preparedness Guides, https://www1.nyc.gov/assets/fdny/downloads/pdf/codes/nyc-apartment-building-emergency-guide.pdf 

    - Space Heater Best Practices, https://nyfiresafe.com/app/uploads/2022/01/Space-Heaters-Safety-Precautions.pdf

    - Fire Safety Plan - Part 1, http://www.nyc.gov/html/fdny/pdf/rcny/rcny_form_fire_safety_plan_bldg_info_section.pdf 

    - Fire Safety Plan - Part 2, http://www.nyc.gov/html/fdny/pdf/rcny/rcny_fire_safety_plan_2_emerg_info_sect.pdf 

    - Heating Requirements in NYC: The Department of Housing Preservation and Development today announces the start of New York City’s “heat season,” during which all residential building owners are required to maintain indoor temperatures at 68 degrees when outdoor temperatures fall below 55 degrees during the day. Indoor temperatures must also be a minimum of 62 degrees overnight, regardless of outdoor temperatures. Building owners are legally required to provide hot water at 120 degrees year-round.

    - Close the Door Notice: https://nyfiresafe.com/app/uploads/2022/01/Close-Door-Notice.pdf

    - Combustible Building Fire Notice, https://www1.nyc.gov/assets/fdny/downloads/pdf/codes/combustible-non-fireproof-building.pdf

    - Non-Combustible Building Fire Notice, http://www.nyc.gov/html/fdny/pdf/rcny/rcny_form_fire_safety_notice_non_combustible.pdf 

    - Smoke and Carbon Monoxide Detectors

    - and more.

    • 17 min
    46. J-51 Exemption and Abatement Extended to June 30, 2022

    46. J-51 Exemption and Abatement Extended to June 30, 2022

    Host Mark Levine of NYC Property Management firm EBMG gives a quick walkthrough of the J-51 program's extension through June 30, 2022. Mark also includes timing protocols for filing, restrictions based on assessed value and the type of work that can be considered for the J-51 program.

    Email the show! nycrealestatepodcast@gmail.com or call Mark Levine directly at 212-335-2723 x.201.

    • 10 min
    45. NYC Real Estate's "End of 2021" Show

    45. NYC Real Estate's "End of 2021" Show

    Host Mark Levine of EBMG LLC goes over some of the more pressing issues at the end of 2021 and beginning of 2022.

    Email the show! nycrealestatepodcast@gmail.com or call Mark Levine directly at 212-335-2723 x.201.

    NYC Bed Bugs Filings: Due 12/31/21

    Local Law 152 of 2016 Gas Inspections: 6 Month Extensions Permitted for 2021

    FISP / Local Law 11: Subcycle C begins on 2/21/22 and Subcycle A is DUE on 2/21/22.

    Vaccinations for all Building Employees: Required by law as of 12/27/21.

    The following provisions of the Housing Stability Tenant Protection Act no longer apply to cooperatives:

    The provision limiting security deposits and advances to one month’s rent. This has been a serious impediment, as before HSTPA, cooperative boards often conditioned consent for a purchaser with insufficient or marginal finances upon the posting of a significant maintenance escrow. Cooperative boards may now use maintenance escrows again, without a limitation on the amount held in escrow. See GOL 7-108.

    The requirement for the landlord to give notice if a lease renewal is not offered to a tenant, or if a renewal is offered at an increase of rent equal to or greater than 5%. Cooperatives must comply with the provisions of their governing documents or any other laws on this point. See RPL 226-c.

    The prohibition of fees at the beginning of a tenancy, except for a credit or background check reimbursement of no more than $20. A cooperative’s transfer agent or management company may now charge fees for processing an application, and they are now entitled to full reimbursement of the cost of a credit check, regardless of the amount. A comment in the Governor’s signing memo makes reference to the fees being reasonable and “approved by a supervising agency.” These comments are not yet part of the law, and we are not certain how that second requirement will be considered going forward. See RPL 238-a.

    The limitation of payments, fees or charges for the late payment of rent to $50 or 5%, whichever is less. The proprietary lease or occupancy agreement often provides for interest and/or late fees, and these may now be collected once again, though the total amount of “any payment, fee or charge for the late payment of rent” is limited to EIGHT (8%) PERCENT of the monthly maintenance if the proprietary lease or occupancy agreement permits. See RPL 238-a.

    The provision that only rent (as narrowly defined by HSTPA) may be sought in a summary proceeding. A cooperative may now again seek eviction of a tenant shareholder for nonpayment of both “rent” and any fees, charges, penalties or assessments due under the proprietary lease or occupancy agreement in a summary proceeding. See RPAPL 702.

    The requirement that an additional five-day notice be sent by certified mail if maintenance is not timely received. This provision does not relieve a cooperative of the additional five-day notice that HSTPA mandates, but does allow the notice to be given in the manner required by the proprietary lease or occupancy agreement rather than by certified mail. Since most proprietary leases require notices to be given by certified or registered mail, this change may be of little impact. See RPL 235-e.

    The provision prohibiting the collection of attorneys’ fees when there is a default judgment in a summary eviction proceeding. If there is a provision in the proprietary lease or occupancy agreement that permits the recovery of attorneys’ fees, it is now possible to recover the fees even if the tenant shareholder defaults. See RPL 234.

    Happy New Year!!!

    • 15 min
    44. Labor Law 240 Insurance Issues with Steven Cohen, CIC

    44. Labor Law 240 Insurance Issues with Steven Cohen, CIC

    Host Mark Levine from NYC property management firm EBMG talks with Steven Cohen, CIC, Vice President of Bermack, Champion & Lewine about various insurance issues in the real estate world.

    Email the show! nycrealestatepodcast@gmail.com

    Topics on this episode include Labor Law 240, workman's comp coverage, umbrella coverages, increasing insurance premiums, alterations and more.

    Feel free to reach out to Steven Cohen directly at 212-239-1140 or via email at steven@bclus.com.

    Mark Levine can be reached at 212-335-2723 x.201 or via email at mblevine@ebmg.com.

    Help spread the word - subscribe and share!

    • 31 min

Customer Reviews

4.9 out of 5
17 Ratings

17 Ratings

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