Latest / How To Run Your Building! For Co-ops and Condos
A.J. Rexhepi
In the spring of 2022, New York mandated that for a co-op or condo to qualify for a property tax abatement, it had to pay its staff a prevailing wage. If a building was unionized, this didn't really have an impact. But for those buildings that had non-union employees, the impact has been significant. A.J. Rexhepi, Managing Partner at Century Management, explains the what boards need to weigh before making the wage decision.
How To Run Your Building: For Co-ops and Condos
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