New NYC Law 97 Threatens Condo Owners with Rising Costs: What You Need to Know

As New York City grapples with its ambitious climate goals, the implications of Local Law 97 are set to transform the landscape for condo owners throughout the city. This law, part of a broader plan to reduce greenhouse gas emissions by 40% by 2025 and 80% by 2050, has drawn attention for creating a new financial burden for residential building owners, particularly in the condominium sector.

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