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On June 22, 2020, New York City entered Phase 2 of the Covid-19 reopening plan. Phase 2 addressed residential property showings. Under Phase 2, showings are allowed in unoccupied or vacant properties. All individuals touring the properties are required to wear face coverings at all times and brokers are required to disinfect all surfaces after

After nearly the entire American workforce was forced to work from their homes for a number of months, many companies now realize that work productivity can be maintained out of an office. As New York continues through its second phase of reopening its economy, Manhattan invited 50% of office tenants back to their offices. However,

New York City landlords are taking drastic measures to safely re-open their buildings in phases. Most buildings in New York City are following CDC and State guidelines. Phase one, which started a few weeks ago, required all amenities and common areas inside buildings to remain closed. Phase 2 of New York City’s re-opening required buildings’

As New York City begins to open after months of shut down, landlords are hopeful about collecting unpaid rents that have accumulated due to COVID-19’s impact on tenants. Under Executive Order 202.28, landlords are not entitled to, nor can they demand, any unpaid rent from tenants affected by COVID-19 related financial hardships until August 20,

Many New York City residents are moving into surrounding suburbs and exurbs in efforts to escape the coronavirus hotspot. What does this mass exodus mean for New York City real estate? The demand for New York City apartments is down, creating an oversupply situation. Right now, it is an excellent time to purchase property in

With the COVID-19 pandemic spiking in many states across the USA this past month, it has left our country with the impending question of what the future holds for everyone? Many believe that a second wave of an outbreak of cases is looming in the near future for New York and has kept many people

The COVID-19 pandemic has put a wrench in many long-term plans and new developments are no exception. New developments such as those in in Long Island City, Queens, a place where there was great real estate investment and optimism, have slowed down and plans have been reevaluated as developers try to accommodate lifestyles changes in

When the stay at home orders were put on the city in March, much of the life and energy that made New York City was sucked away. People opted to “weather the storm” outside of the city, choosing to settle in the suburbs for the time being. In turn came a big decrease in demand

COVID-19 still impacting New York City and many are left with questions on what to do if they are evicted after Executive Order 202.28 expires on August 20, 2020. Expiring eviction freezes like Executive Order 202.28 are expected to “create a wave of evictions which would cause a displacement and eviction crisis.” This article specifically