Local Law 97
from Talking Manhattan Hosted by Noah Rosenblatt & John Walkup of UrbanDigs
We've got a deep dive in store for you today. Orest Tomaselli of CondoTek and Strategic Inspections, along with Elegran's Ben Willig, take us into the weeds when it comes to the recently enacted (and soon to be enforced) Local Law 97. The spirit of the regulation is all about making buildings green, but the details can be complicated. With buyers and sellers always wanting to know more, this is a great bit of info to know! Highlights: 1:40 - What is Local Law 97? 3:55 - How are emissions reductions measured? 5:45 - What's with the building grades? 7:30 - What sort of financial impact are buildings looking at? 12:55 - "Shadow capital needs" - How can buyers examine potential impact before purchasing? 16:10 - What should buildings do now to prepare if they haven't already? 21:10 - Can carbon offsets help? Orest's Firms: https://condotek.com/ https://www.strategicinspections.com/ Ben's Page at Elegran: https://www.elegran.com/agents/ben-willig Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/
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