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Home » Publications » New York Apartment Law Insider

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New York Apartment Law Insider

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May 2025

Volume: 46
Edition: 1
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  • New York Apartment Law Insider New Stories

New York Apartment Law Insider New Stories

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FEATURE

Mitigating E-Bike Fire Risks: The Benefits & Costs of Installing an Outdoor Charging Cabinet

The city has opened the application process for a new program that offers owners a way to reduce fire hazards while providing an amenity for tenants.
Apr 24, 2025
Eric Yoo

The city has opened the application process for a new program that offers owners a way to reduce fire hazards while providing an amenity for tenants. We go over the details of charging and swapping cabinets that may be installed adjacent to buildings and the specifics of the formal applicat...

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NEW LAWS & REGS

New Scaffolding and Sidewalk Shed Laws Will Extend Façade Inspection Intervals

The new legislation will also tighten shed permit rules and introduce stricter penalties.
Apr 23, 2025
Eric Yoo

On April 17, Mayor Adams signed into law a comprehensive package of legislation that significantly reforms New York City’s sidewalk shed regulations. The new laws tighten shed permit rules, introduce stricter penalties, and update the city’s façade inspection requirements.


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MANAGEMENT BASICS

File Real Property Income & Expense and Storefront Registry Statements by June 2

If you miss the RPIE filing deadline, the penalty is up to 5 percent of your property’s actual assessed value.
Apr 22, 2025
Eric Yoo

The NYC Department of Finance requires certain owners of residential properties to file the Real Property Income & Expense Statement (RPIE) every year. The DOF uses the information from this filing to value your property accurately for the upcoming tax year. If you miss the filing deadline, the penalty is up to 5 percent of your property’s actual assessed value.


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IN THE NEWS

Rent Guidelines Board Releases 2025 Income & Expense, Affordability, Operating Costs Reports

These reports reveal the economic pressures facing both tenants and property owners and provide the rationale behind proposed rent adjustments. We highlight the findings.
Apr 21, 2025
Eric Yoo

These reports provide insight into the economic pressures facing both tenants and property owners and are key to understanding the rationale behind proposed rent adjustments. We highlight the findings.


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