Managing uncertainty and unforeseen circumstances are a constant part of a real estate developer’s purview. One year ago, many of us would never have envisioned, let alone underwritten, today’s reality of a 25% vacancy rate in prime market-rate buildings along with a collections rate of only 70%. At STRATCO, we believe that risk mitigation is [...]
STRATCO Property Solutions will assist you to comply with LL84/LL133, LL87, and LL97 and avoid the next upcoming fines. We provide a simple way to achieve insights-driven benchmarking, Energy Star certification, and local laws compliance. We help owners of industrial, commercial, and multifamily facilities deliver cost-saving energy efficiency solutions. Contact us to obtain a complimentary [...]
We’ve provided a brief synopsis of the most impactful legislative items affecting NYC multi-family. Annual Rent Registrations In response to the COVID-19 pandemic crisis, DHCR has extended the July 31 deadline for filing the 2020 Annual Rent Registrations to September 30, 2020. Read here to learn about about these items.
LED Lights Background The Light Emitting Diode (LED) lighting revolution started over 10 years ago. Upgrading to LED lights can be energy-advantageous in virtually every niche. The technology is still offering a huge span of efficiencies among all the products in the market which can immediately make an impact after installation. The differential in energy [...]
We're closely monitoring the Coronavirus (COVID-19) pandemic on the NYC real estate industry. Our business office is closed and our staff are operating remotely should you have any needs. While the world has reached a near standstill, there are still local laws that have due dates in the near future and we are here to [...]