Argo Real Estate

09/03/2026

Deferred maintenance may feel like a cost‑saving move, but NYC boards often pay far more later.

https://www.habitatmag.com/Publication-Content/Building-Operations/2026/August-2026/avoiding-deferred-maintenance-costs

Co-op and condo boards face rising Local Law 97 penalties, higher utility costs, and tougher financing rules if they defer essential building maintenance.

09/02/2026

NYC co-op and condo boards are facing rising energy costs, LL97 compliance pressures, and tighter lending rules.

https://www.brickunderground.com/improve/how-condo-co-op-boards-proactive-avoid-hidden-costs-deferred-maintenance-nyc

Consider Local Law 97 penalties.

09/01/2026

As Argo looks ahead to its 75th anniversary in 2027, we’re celebrating by giving back. Together with
Supplies for Success, our team assembled 75 backpacks for students heading into the new school year. Thank you to everyone who contributed, and wishing all the children a successful 2026–2027 year.

09/01/2026

The pied‑à‑terre tax is creating problems faster than the city can solve them.

https://therealdeal.com/new-york/2026/08/25/co-ops-pied-a-terre-tax-problems-may-trigger-more-lawsuits/

The issue of taxing co-op shareholders is why the pied-à-terre tax was dropped in 2014, 2019 and 2021. The city’s trying again.

08/27/2026

A new lawsuit seeks to overturn the Rent Guidelines Board’s rent freeze, arguing the board ignored rising operating costs and predetermined the outcome.

https://www.brickunderground.com/rent/landlords-lawsuit-overturn-rgb-rent-freeze-face-high-legal-bar

Landlords: ‘The courts are our only remedy’

08/26/2026

Manhattan condo buyers are leaning toward larger homes, but pricing isn’t shifting with them.

https://therealdeal.com/data/new-york/2026/manhattan-condo-prices-are-stagnating-despite-larger-spaces/

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08/25/2026

The proposed expansion of J‑51 could reshape how co‑ops and condos plan capital projects.

https://www.habitatmag.com/Publication-Content/Bricks-Bucks/2026/August-2026/nyc-council-reviews-j51-tax-break

The NYC Council is reviewing a bill to expand the J-51 tax abatement, raising cost coverage to 100% and increasing eligibility thresholds for co-ops and condos.

08/20/2026

The city’s new Legionnaires regulations reshape how buildings manage cooling tower safety. Owners and managers will need updated water management plans, clearer documentation, and more frequent system reviews to stay compliant.

https://www.habitatmag.com/Publication-Content/Building-Operations/2026/August-2026/new-legionnaires-disease-regulations

Gov. Kathy Hochul signed a law increasing fines and requiring faster action on cooling tower bacteria following deadly outbreaks.

08/19/2026

New York City’s pied à terre tax rollout has created confusion for many owners who received notices for homes that are actually their primary residence.

https://www.brickunderground.com/buy/how-to-fight-pied-a-terre-second-home-tax-notice-primary-residence-nyc

A lawsuit pauses the rollout.

08/18/2026

Boards are facing rising costs as compliance requirements expand.

https://cooperatornews.com/article/the-cost-of-local-law-compliance

Learn how the cost of compliance with NYC's expanding roster of Local Laws is becoming onerous for co-op and condo communities.