Certificate of Occupancy is a crucial document in the process of building or significantly renovating a structure
Failing to meet deadlines associated with obtaining a Certificate of Occupancy can result in significant financial repercussions
Streamlining Compliance in New York City
We specialize in demystifying the intricate requirements set forth by NYC's Department of Buildings and other city agencies. Our expertise allows us to expedite the permit process and ensure compliance, enabling you to dedicate your efforts towards the construction and development of impressive architecture.
- Construction Permits: These are needed for new constructions, demolition, and significant renovations or alterations.
- Landmarks Preservation Commission (LPC) Approvals: For properties within historic districts or designated landmarks, special permissions are required for any alterations, reconstructions, or demolitions to ensure preservation of the city's architectural, historical, and cultural heritage.
- Place of Assembly Permits: For locations that will accommodate 75 or more people, these permits are required to ensure adherence to fire and safety regulations.
Navigating the nuances of building regulations requires an adept understanding of the system, and that's exactly what
Build Nexus brings to your project. Our team of seasoned professionals is skilled at handling projects
of diverse scale and complexity, utilizing their extensive knowledge to accelerate the permit
acquisition process.
You can expect expedited progress, eliminating
delays that could impact your timeline and budget. We work quickly, yet meticulously, ensuring your
project keeps moving without sacrificing compliance or quality.
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What is a Certificate of Occupancy (CO)?
A CO is a document issued by the local government agency or building department certifying a building's compliance with applicable building codes and other laws, and indicating it to be in a condition suitable for occupancy.
In the context of commercial real estate, a CO is often required to confirm that the building adheres to the plans and specifications that were originally submitted to the department. It is typically needed to close on a construction loan, to demonstrate compliance with municipal building and fire codes, and to confirm that the building is ready for occupancy.
A final CO is issued when the building has been completed in accordance with the approved plans and all relevant building codes. It is the final step in the construction approval process and signifies that the building is compliant and safe for occupancy. -
Failure To Obtain - Potential Extension Fees & Penalties
If your project is not complete by the time your Temporary Certificate of Occupancy (TCO) expires, you may need to pay a fee to renew or extend the TCO. This could become a recurring expense if the project continues to be delayed.
If you occupy or use a building without a valid CO or TCO, you could face violations and fines from the Department of Buildings or other city agencies. Penalties for such violations can be substantial and accrue over time. -
Lost Revenue & Financing Implications
Delays in obtaining a CO often mean delays in completing the project, which can result in additional construction costs. This could include costs for extended equipment rental, labor costs, and other expenses associated with prolonging the construction phase.
For commercial properties, delays in obtaining a final CO could mean delays in leasing or selling units, leading to potential loss of rental income or sales revenue. For residential properties, it could mean additional months of paying a mortgage without being able to occupy or rent the home.
Delays can also have implications for construction loans or other financing tied to the project. Some lenders may have stipulations in their contracts that require repayment or conversion of construction loans to permanent financing upon completion of the project, which is typically tied to receiving the final CO.
Managing Your Projects From Start To Finish
At Build Nexus, we pride ourselves on delivering comprehensive project management solutions from inception to completion
Phase 1: Asbestos100%
Phase 2: Approval & Permits 100%
Phase 3: Sign Off 100%
Phase 4: Final CO100%
Services We Offer
Below is a short list of services we offer, but contact us for your specific project requirements as needed
Certificate of Occupancy
We expertly navigate the NYC DOB processes to secure your final or temporary Certificate of Occupancy, verifying your building's safety and code compliance.
Approval & Sign-Off
We manage and streamline the acquisition of all necessary project approvals and official sign-offs, ensuring your construction project is completed quickly.
Construction Permits
We ensure your construction permit acquisition so you can get to work immediately.
Building Research & Violation Removal
We identify and address your building's open applications and violations, rectify issues, and achieve resolution to keep your project on track.
Request A Proposal
Contact us today - We'll analyze your specific project needs, propose solutions tailored for you, and guide you through every step of the compliance and permitting process. Let's build a better future, together.
Contact Us
We're ready to take your project from start to finish- feel free to contact us to request a proposal, or to speak about your project-specific requirements
Location:
1178 Broadway 3rd Floor #1024 New York, NY 10001
Email:
Frequently Asked Question
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