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Albany’s New Capital Base Tax Will Raise Costs For NYC Co-Op Owners

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The New York State Senate and Assembly have included a new tax increase in their State budget proposals that would increase maintenance charges for ALL NYC cooperative (co-op) owners by hundreds, if not thousands, of dollars each year – the Capital Base Tax.

This Capital Base Tax – which will affect all NYC co-op owners – was set to expire completely this year; however, instead of allowing the phase out of the “capital base” assessment as scheduled, Albany is trying to bring it back from the dead at the 11th hour—and increase the rate by as much as 200%.

Capital Base Tax RatesRates
2020 Tax Rate:0.040%
Current 2021 Tax Rate:0.000%
Your Senator’s Proposed 2021 Tax Rate:0.125%
Your Assembly Member’s Proposed 2021 Tax Rate:0.150%

What does this mean for New York City co-op owners?

The tax increase to your co-op building will be passed on to individual co-op owners in the form of increased maintenance charges. Depending on the assessed value of your co-op building’s units, you could wind up paying thousands of dollars more a year.

Co-op LocationUnitsAssessed Value/UnitAdditional Tax BurdenAnnual Maintenance Increase per Unit
Upper West Side80$200,000 $60,000-$75,000$750-$900
Riverdale1,300$25,000 $190,000-$230,000$150-$180
Upper East Side30$520,000 $50,000-$60,000$1,600-$2,000
Bayside375$35,000 $40,000-$48,000$105-$125

New York City is just beginning to recover a year into a global pandemic and historic economic crisis that left many residents hurting. We don’t need another tax on hard-working middle-class homeowners. Tell Albany to oppose the New Capital Base Tax on NYC co-op owners.

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Suzanna, co-owns and publishes the newspaper Times Square Chronicles or T2C. At one point a working actress, she has performed in numerous productions in film, TV, cabaret, opera and theatre. She has performed at The New Orleans Jazz festival, The United Nations and Carnegie Hall. She has a screenplay and a TV show in the works, which she developed with her mentor and friend the late Arthur Herzog. She is a proud member of the Drama Desk and the Outer Critics Circle and was a nominator. Email: suzanna@t2conline.com

Broadway

Broadway Celebrates Juneteenth

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The Broadway League’s Black to Broadway initiative announces the performers for this year’s Broadway Celebrates Juneteenth concert taking place in Times Square on Wednesday, June 19th from 11:00am – 12:30pm (rain or shine).

Michael James Scott

Michael James Scott will host. Flagstar Bank will be this year’s presenting sponsor.

Phylicia Rashad

The 2024 Juneteenth Legacy Award will be presented to two-time Tony Award winner Phylicia Rashad, a versatile performer, director, educator, and humanitarian who has delighted generations of audiences through her work in beloved roles both in theatre and on screen. As an actress, Ms. Rashad has won two Tony Awards, for A Raisin in the Sun (2004 Best Actress in a Play) and Skeleton Crew (2022 Best Performance by an Actress in a Featured Role in a Play). She was also a 2005 Best Actress in a Play nominee for Gem of the Ocean. As a producer, Ms. Rashad recently received a Best Revival of a Play nomination for Purlie Victorious: A Non-Confederate Romp Through the Cotton Patch.

The fourth annual Broadway Celebrates Juneteenth concert features more than 35 performers from the following 17 Broadway shows: Aladdin; & Juliet; Back to the Future: The Musical; Cabaret at the Kit Kat Club; Chicago; Harry Potter and the Cursed Child; The Heart of Rock and Roll; Hell’s Kitchen; Illinoise; The Lion King; MJ; Moulin Rouge! The Musical;The Notebook; Suffs; Water for Elephants; The Who’s Tommy; The Wiz; and the return of the kids of Young Gifted and Broadway. All performances will be accompanied by live music thanks to The Music Performance Trust Fund and the Film Funds. American Sign Language interpretation will be provided.

The exciting line-up of Broadway stars set to perform includes: Blu Allen, Donovan Louis Bazemore, Jace Bentley, Ronnie S. Bowman Jr., Maya Boyd, Tsilala Brock, Max Chambers, Taylor Colleton, Jay Copeland, Lorna Courtney, Charity Angél Dawson, Mariama Diop, Desmond Sean Ellington, Will Ervin Jr., Jerome Hermann-Hardeman, Dorian Harewood, Jackson Hayes, Najah Hetsberger, Afra Hines, Manny Houston, Jaylen Lyndon Hunter, Bre Jackson, Polanco Jones Jr., John-Michael Lyles, Mehret Marsh, Deja McNair, Alex Newell, Veronica Otim, Cristina Rae, Jelani Remy, William Rhem Jr., Albert Rhodes Jr., Walter Russell III, Antoine L. Smith, Nia Thompson, Lamont Walker II, Rachel Webb, NaTasha Yvette Williams, and Hailee Kaleem Wright.

Joining The Broadway League in partnership for Broadway Celebrates Juneteenth are Black Theatre United (BTU), Black Theatre Coalition (BTC), The New York Times, and the Times Square Alliance. Black Theatre United has curated a selection of Black-owned restaurants to take part in the celebration by selling food and treats to attendees. Kokomo, LaMode BK, and Brooklyn Sweet Spot will be on-site with a selection of delicious options to add to the festivity.

Flagstar Bank is the 2024 presenting sponsor of Broadway Celebrates Juneteenth. Other sponsors include: The Music Performance Trust Fund and Film Funds; the NYC Mayor’s Office of Media and Entertainment; Audience Rewards; Broadway Cares/Equity Fights AIDS; Broadway.com; M·A·C Cosmetics; TodayTix; Playbill; The Araca Group; and Open Jar Studios.

The creative and production teams of Broadway Celebrates Juneteenth include Director and Writer Steve H. Broadnax III, Music Director Rashad McPherson, Executive Producers Brian Anthony Moreland and Aaliytha Stevens, Stage Manager Monet Thibou, and General Manager Devon Miller of Foresight Theatrical.

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Family

Experts Can Help Revive Old Floors and Wooden Surfaces! Here’s How

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Many prefer wooden floors for their unique charm and warmth. However, with time, these wooden surfaces can become dull, lose their luster, and wear out, and this is when you need to look for proper restoration techniques that would bring life to the old wooden flooring.

We are about to share restoration tips that will revive your wooden flooring and bring back the beauty of the place.

  • Check the floor condition

Before you start the restoration project, you have to assess the condition of the old wooden floor. Look for signs like water damage, stains, wear, scratches, and holes. Note down all the areas that require repairing. You can also get help from the flooring contractor Tampa Florida, to determine the extent of damage and restore the place effectively.

  • Sanding and refining

In restoration, you must remove the old finishes, imperfections, and scratches through sanding. This would help to reveal the natural surface of the wood. You can use an orbital or drum sander to achieve a smooth finish on the wooden floor. These have fine-grit sandpapers that help with the smoothing process. However, it would help if you did not overdo sanding the place; otherwise, it can create uneven patches. After you are done, apply a fresh finish coat to enhance the color and protect the wooden floor.

  • Repairing damage

Over the years, the wooden floor has undergone different kinds of damage, including water stains and scratches. To get a uniform and polished appearance, you need to repair the imperfections, so if there is any scratch or gouge, fill it with a wood pillar or putty. You can use the sanding technique to smoothen the wooden surface. If there is a water stain, gently sand the affected area and apply the wood bleach to lighten the discoloration. If the damage is quite extensive, then you need to replace the rotten boards to protect the structural integrity of the place.

  • Staining and coloring

To achieve the natural beauty of the wooden floor, you have to apply stain, and on top of that, you have to put in a desired color tone. Go through the existing decor or architectural feature, and based on that, choose a stain that would complement the space. Always conduct a small test before applying that stain to ensure the product will meet your expectations. Use a brush or rag to apply this paint and wait for it to penetrate. Finally, a topcoat is applied to protect and seal the coat.

  • Preserve the character features

Wooden floors are popular due to their appealing elements, such as grain patterns, patina, or knots. You need to retain these character features when restoring old floors and not erase them.

Summing it up

After restoring the wooden floor, remember to maintain it routinely to ensure its long-lasting beauty. Sweep or vacuum dirt and debris daily and gently mop the damp area to keep the wooden floor free from stains. To prevent scratches, you can use protective felt pads under the furniture. Also, make it a habit to avoid walking with heels or shoes on this wood; otherwise, it can damage the wood.

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Events

Raising Cane’s and Ice-T Make National Iced Tea Day Even Sweeter

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Don’t mess with Ice T perfection!

June 10 is National Iced Tea Day, and we couldn’t think of a better way to celebrate than with this sweet combination.

Iconic musician and actor Ice T is mixing up an incredible batch of delicious fun with Raising Cane’s and making this National Iced Tea Day twICE as nICE!

It’s the national holiday celebrating me – and Cane’s iced tea – and it’s great to be working with Cane’s again on one of my favorite holidays,” said Ice T. “There are two versions of iced tea: one is sweet, and one is unsweet. Both are great at Cane’s, but you only want the sweet version of Ice T!”

During a recent surprise guest appearance as a Raising Cane’s Fry Cook & Cashier at the Astor Place location in New York City, unsuspecting fans and customers got a special treat when he popped up with a perfectly filled cups of iced tea. The Big Apple got some crisp love from the star and it made for a memorable moment that will forever be frying in the minds of those who got to see him action on this date.

Today only, Caniac Club members craving the perfect summer beverage can enjoy a free 22 oz. iced tea at Cane’s locations nationwide. The offer will load to Caniac Club accounts automatically and is redeemable by swiping the Caniac Club Card or scanning the QR code within the Raising Cane’s mobile app.

For more information visit raisingcanes.com.

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Shopping

Bud BagsTM Launches The World’s Standard Secured Delivery Bag

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Introducing Bud Bags an eco-friendly and secure new way to transport cannabis. These biodegradable courier bags, blend sustainability and security. These bags are for the environmentally conscious and engineered for unparalleled protection.

Bud Bags from BUD BAGS on Vimeo.

These bags have tamper-evident security made with features to detect and deter theft. Often they are equipped with unique seals to indicate when unauthorized use or tampering has occurred. These bags are typically used for the transportation of valuable items like cash, cannabis, or documents.

Most bags are made of plastic and mylar so they are not biodegradable. However these bags can be cusomized.

Bud Bags allows anything to be transported without knowledge. They are opaque with an adhesive strip that let you know it’s been tampered with, which means that if something’s missing, it is the company not the courier.

Bud bags is working hand and hand with ASTM International, an international standards company in transportation. ASTM International, serves over 12,000 ASTM standards operate globally. The standards are defined and set by them, as they improve the lives of millions every day. Combined with our innovative business services, they enhance performance and help everyone have confidence in the things they buy and use.

Its good to be carried by the best.

 

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Events

Eli Marcus Throws One Of The Best Networking Events in The City at Fushimi Time Square

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Kiril Mihajlov owner of The Consulate, Suzanna Bowling, publisher of the Times Square Chronicles, Theatre Marketing pro Keith Hurd, Doria Lee from the Time Hotel. Jeffrey Pai from The Beekman Hotel. Eric Papanikolas from the Time Hotel.

Eli Marcus otherwise known as “The Mayor of Times Square” is the king of fabulous networking events. Last night over 300 people gathered together at Fushimi Time Square, 311 West 43 St (8th/9th Aves) from 4:30 til 7pm.

Eli Marcus and Chef Sal Scognamillo of Patsy’s Italian Restaurant

It was one of the largest networking events in the city, filled with people in the hospitality, theatre and media industry’s.

Errol Rappaport, Producer Craig Horsley, Producer Pat Addiss, Singer Quinn Lemley

Gerard McKeon publisher Black Tie International Magazine and Chuck Armstrong producer and owner of Wonderama TV Show

There was a three piece jazz band, door prizes, happy hour prices with passed hors d’oeuvres

hors d’oeuvres

May Pang, companion to John Lennon in the 70’s, helped give away an 18″ Beatles Sergeant Pepper’s luggage, courtesy of Marty Singer, from Rocksax licensed Rock band products.
May Pang is featured in the best documentary I have seen in years: The Lost Weekend: A Love Story. See it on Amazon Prime, Roku, YouTube, etc. Also, check out her one-of-a kind photos with Lennon…not available anyplace else, at www.Newyorksbest.nyc.

The luggage winner Jayson Colon, May Pang, Marty Singer and Eli Marcus

There were also tickets to the 78th annual Theatre World Awards and Mercer Labs: Museum of Art and Technology.

Eli Marcus and yours truly

If you missed this amazing event, Eli’s next event will happen Thursday June 20 in Little Italy at Baby John’s Pizzeria with The Cannoli King himself John DeLutro. Also on Friday June 28, from 4:30 til 6:30 Kiril Mihajlov will host Eli’s third Networking event at The Consulate Midtown at 44 West 56.

This is definitely the place to be, especially if you are looking to connect.

 

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