NYC Real Estate

Host Mark Levine of NYC Property Management firm EBMG shares information regarding compliance topics that are relevant in the first few months of 2025.Email the show! nycrealestatepodcast@gmail.com Corporate Transparency Act: The required filings through the CTA (the Beneficial Owner Information) has been restarted to now require a March 21, 2025 filing. Link to FinCen info here: https://fincen.gov/boi Local Law 11 / FISP Cycle 10A starts on 2/21/25 and last for a period of two years. We recommend that if your building is in the A subcycle that you get started immediately on the inspection and work that may be needed. Local Law 157 gas detectors are required to be installed by May 1, 2025 in all areas that have a gas hookup in residential private spaces as well as building common areas.Feel free to reach out to Mark Levine at his corporate email of mblevine@ebmg.com or via phone at 212-335-2723 x.201.

Host Mark Levine of NYC Property Management Firm EBMG sits down with William T. Payne, PE of engineering firm O & S Associates on the ever-expanding FISP (formerly Local Law 10 and Local Law 11) in New York City. Email the show and SUBSCRIBE! nycrealestatepodcast@gmail.com For buildings taller than 6 1/2 stories, FISP is an every-five year review of the facade. NYC law dictates when each building is to be inspected, how they're inspected and what the requirements to file as SAFE, Safe With A Repair and Maintenance Program (SWARMP) or UNSAFE. Bill and Mark walk you through why the law came into place, the various degrees of inspections and how this present cycle (9) has changed to be more stringent on the inspection side and also on the job experience of those inspecting (plus why it's about to get more expensive). When does your building need to file in NYC? Sub-Cycle A: Last Digit of Block # 4, 5, 6 or 9 – February 21, 2020 – February 21, 2022    Sub-Cycle B: Last Digit of Block # 0, 7 or 8 – February 21, 2021 – February 21, 2023    Sub-Cycle C: Last Digit of Block # 1, 2 or 3 - February 21, 2022 – February 21, 2024 Want to hear more straight for Bill Payne, email him directly at wtpayne@oandsassociates.com or call him at 646-736-0699. Mark Levine can be reached by phone at 212-335-2723 x.201 or via his corporate email at mblevine@ebmg.com.

Host Mark Levine of property management firm EBMG sits down with Jim Bullock of NY Fire Consultants to talk about all things fire safety related, including emergency preparedness, fire extinguishers, sprinkler systems, fire watch, log books and more.  This is a must listen to episode with a former FDNY member giving great advice.  Email the show at nycrealestatepodcast@gmail.com!  To call NY Fire Consultants, reach out to them at 718-432-1600. Email Mark Levine directly at mblevine@ebmg.com or call him directly at 212-335-2723 x.201

Host Mark Levine of EBMG, a New York City property management firm sits down with Greg Quattlander, Master Plumber and President of NY Plumbing to discuss the process and implications of Local Law 152 of 2016; Periodic Gas Testing in the City of New York. Email the show! nycrealestatepodcast@gmail.com | Check out our Videos [LINK] When a building needs to file is predicated on its Community Board Number (irregardless of their borough). The 4 categories of Community Board #'s and the years that they will need to test and file their gas leak reports (for those buildings classified in occupancy R-3). Group 1: Community Board Numbers 1, 3, 10 (Filing in 2020, 2024, 2028, etc.) Group 2: Community Board Numbers 2, 5, 7, 13, 18 (Filing in 2021, 2025, 2029, etc.) Group 3: Community Board Numbers 4, 6, 8, 9, 16 (Filing in 2022, 2026, 2030, etc.) Group 4: Community Board Numbers 11, 12, 14, 15, 16, 17 (Filing in 2023, 2027, 2031, etc.) Now that we know the groupings, it is clear to us that buildings that fall within this Community Board Number, no matter their borough will be required to file in the year that is noted. Filings start in calendar year 2020 and are in 4-year groupings, as noted above. Inspections of gas piping systems must be conducted by a qualified gas piping system inspector on behalf of the building owner, usually a licensed master plumber or an individual who is specifically certified for this testing and has taken the required education to do so. The inspection report must be certified by the licensed master plumber who performed or exercised direct and continuing supervision over the inspection and, if applicable, by any individual who performed the inspection under such supervision. Such inspection report shall include, for each gas piping system inspected the following information: (A) A list of conditions requiring correction, including instances where one or more parts of such system is worn to an extent that the safe and reliable operation of the system may be affected: (B) Gas leaks; (C) Observed non-code compliant installations or illegal connections; (D) Observed conditions described in Section 28-318.3.4 of the Administrative Code; and. (E) Any additional information required by the Department. At each inspection all exposed gas lines from point of entry of gas piping into a building, including building service meters, up to individual tenant spaces shall be inspected for evidence of excessive atmospheric corrosion or piping deterioration that has resulted in a dangerous condition, illegal connections, and non-code compliant installations. The inspection entity shall also test public spaces, hallways, corridors, and mechanical and boiler rooms with a portable combustible gas detector to determine if there is any gas leak, provided that such testing need only include public spaces, hallways and corridors on floors that contain gas piping or gas utilization equipment. A positive to the way that this law is written is that it is not requiring a pressure test in common areas, which would likely fail most older buildings due to the age of the pipes and number of painted pipes in New York City. We have routinely seen buildings that are required to pressure test due to a gas issue spend north of $130,000 when they are as small as 20-units (not counting the downtime for heat and hot water that will be experienced by residents).

Host Mark Levine of NYC Property Management firm EBMG goes over two interesting topics for buildings in NYC on this episode. The first topic is Yearly Board Disclosures, which are required to be sent to all shareholders or unit owners in accordance with NYS Business Corporation Law, Section 727. These disclosures note if there were or weren't conflicts of interest with the Board of Directors / Managers in the prior year. The second topic covered is Local Law 103, which requires buildings in Evacuation Zones to post information regarding their zone at all times. To find out if your building is in an Evacuation Zone, you can review the map at the following link: https://maps.nyc.gov/hurricane/. Email the show! nycrealestatepodcast@gmail.com   Stay tunes for more episodes and you can always call Mark directly at 212-335-2723 x.201 or via corporate email at mblevine@ebmg.com.

This episode of NYC Real Estate is presented by EBMG, a NYC Property Management Firm specializing in the management of residential and mixed-use buildings. Host Mark Levine sits with Edward Taylor, Esq. of New York law firm Taylor, Eldridge & Endres, P.C. to talk about Emotional Support Animals (ESA's) in Cooperatives, Condominium and HOA communities. ESA's are not considered to be pets and the request for an ESA from a resident and the application / proof from a medical professional are important parts to the discussion and the procedure for properly running a building. Email the show at nycrealestatepodcast@gmail.com to have your questions and comments included in a future show. Call Mark Levine directly at 212-335-2723 x.201 or email him at his corporate email at mblevine@ebmg.com. Subscribe and Share!!

Host Mark Levine of NYC Property Management firm EBMG sits down with owner Denise Savino and General Manager Adam Grieshaber of Automatic Industries to talk about all things laundry room related; including what to look for when bidding out a new contract, amenities added at the beginning of a contract, the contract itself, service and more. Email the show at nycrealestatepodcast@gmail.com. Call Automatic Industries at 1-800-THE-WASH. Call Mark Levine directly at 212-335-2723 x.201.