Seems like everyone is happy!

Doormen and other building workers have struck a deal with building owners on a new four-year contract, averting a threatened strike.

More than 30,000 workers, including doormen, porters, handymen and superintendents had threatened to walk off the job at 12:01 a.m.  last night…

But what does it really mean?

The strike would have affected nearly 3,200 buildings throughout the five boroughs.

People that live in the buildings would have had to man the front doors, put the trash out and keep the buildings secure and clean. (This would not have been a pretty sight).

Also- we heard that the garbage haulers were not going to cross the picket lines so hello Smelly NYC!

In most buildings- any apartment that is on the market for sale or rent would have been out of luck for private appointments and open houses.

"While it was a difficult time to negotiate, we had a good dialogue, we understood each other and we reached a fair agreement," said Local 32BJ President Mike Fishman.

"This is a victory for building owners, employees and residents. Given these difficult economic times it is an agreement we all can be proud of," said RAB President Howard Rothschild.

Over the four year agreement, building service workers will receive an increase in wages averaging 2.16% per year.  The total package will average 2.92% per year.

The agreement calls for protection to owners from unexpected future cost escalation for health benefits.  For the first time, Management has now transferred the risk of extraordinary regulatory or inflationary increases in benefits to the Union.  This was not part of the previous agreement.

In addition to this important change, the agreement calls for a significant reduction in the health benefit cost starting in 2012. The projected reduction will cover a significant portion of the wage and benefit increase over the four year agreement.

In response to the deal, Mayor Michael Bloomberg released a statement saying, "...In these difficult financial times we appreciate that both sides were able to work creatively to create real cost savings that could be translated into wage increases for hard working employees."