63. Bronx Building Collapse and The Retainage Reduction Act

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NYC Real Estate

Mark Levine (EBMG)

75 episodes

5 days ago

Join Mark Levine from EBMG, a New York City real estate property management firm as he talks everything NYC real estate with special guests and experts in the field. Mark has been in the NYC real estate sector since 1998 and enjoys talking about some of the hottest topics and questions on everything related to real estate in New York City. Have a question or something you want to add to the show, send us an email at nycrealestatepodcast@gmail.com and we'll try and cover it.

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63. Bronx Building Collapse and The Retainage Reduction Act

NYC Real Estate

29 minutes 26 seconds

1 year ago

63. Bronx Building Collapse and The Retainage Reduction Act

Host Mark Levine of NYC Property Management firm EBMG dives real-time into the building collapse on December 11, 2023 at 1915 Billingsley Terrace in the Bronx. The horrific collapse occurred roughly 4 hours prior to taping.

Mark walks listeners through what may have lead to the collapse and the various filings that were made over the course of the last 8 - 10 years. Hint: This is an extensive coverage of LL11 / FISP items.

Email the show! nycrealestatepodcast@gmail.com

In addition, Mark also takes listeners through the new Retainage Reduction Act, effective November 17, 2023. This is a new law and relates to construction projects over $150,000 (retainage amounts are now capped at 5% and then there are some other restrictions).

Lastly, reminders to listeners on properly filing HPD Multiple Dwelling Registrations, Bed Bugs Filings and Board Conflict Disclosure Forms.

If this episode is helpful, please s7ubscribe and share!

Mark can be reached at his corporate email at mblevine@ebmg.com or directly at 212-335-2723 x.201.

Happy Holidays from the NYC Real Estate Podcast!