HABITAT
NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.
Scandal Spreads Over Sale of Rivington House
April 05, 2016
This story just keeps on giving.
Week by Week: April 4
April 04, 2016
Finding the right tech-tools and updating obsolete documents: the newest stories from our app will sort out the nuts and bolts of board service.
A Ringing Victory for Historic Preservation
April 04, 2016
The Clock Tower Building’s four clocks will keep on ticking.
Policing the Craze to Combine Apartments
Written by Matthew Hall on April 01, 2016
What the board needs to do before the walls come down.
A Fail-Safe Safeguard
Written by Emmet Pierce on March 31, 2016
Online access to corporate bank accounts allows boards to keep an eye on the money.
"Affordable Luxury"
March 30, 2016
The seven-story condo building on the site of the long-gone Christ Lutheran Church on East 19th Street is being billed as “affordable luxury.” What, exactly, does this only-in-New-York real estate oxymoron mean? It means that the lowest-priced of the seven full-floor apartments can be had for just $3 million. All apartments will have an outdoor space, and the penthouse comes with a private terrace. A “townhouse-style” duplex on the ground floor, with private back yard, is asking a bit more than $4 million.
“Affordable for the neighborhood,” as Curbed put it, “but maybe not for the average New Yorker.”
Maybe not?
Designed by Brent M. Porter Architects and developed by Yosi Cohen, the building will be clad in beige Kolumba bricks imported from Denmark, a departure from the ornate brickwork found throughout the neighborhood. Renderings of the stark exterior drew mixed reactions from Curbed readers. “Neo-Brutalism?” asked one. “It’s a lovely Soviet bunker!” said another.
What do you expect for a paltry $3 million?
Tamir Shemesh, who's heading the building's sales team for The Corcoran Group, says he prefers the term "Accessible Luxury." "$3 million is still a big price tag," he says, "though unfortunately in New York real estate today, it's not."
Thinking About Installing a Canopy?
Written by Frank Lovece on March 29, 2016
You might want to think twice.
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