EPISODE · Sep 29, 2023 · 10 MIN
A.J. Rexhepi
from How To Run Your Building! For Co-ops and Condos · host Carol
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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