How would a possible rent moratorium, considered by Mayor DeBlasio, affect coops? We're a 40-unit, self-managed Brooklyn coop. Would Boards be asked to stop collecting maintenance and assessment as NYC institutes economic relief efforts in the COVID-19 crisis? What does Habitat advise coop boards around best practices with share holders facing financial hardship as more and more New Yorkers are out of work due to social distancing? Should we stop charging late fees now for late maintenance payments, in light of Gov Cuomo's moratorium on evictions? Does his NYS grace period for loan modification apply also to our coop's underlying mortgage (which we're due to refinance end 2020)?> Join the conversation Comments (2)
I fully support the many new rules imposed on co-op building tenants, however, I feel they need to be fair. In my building, delivery persons who usually go from building to building with paper bags of food have been seen by the elevators for some tenants, and other times the food is left at the front lobby with the doorman. I do not order food ever, but particularly not now, as the person delivering the food likely has no health insurance and would also work sick, not wanting to lose money and yet not being able to afford health insurance.
I was an office worker now forced to work at home. I just moved in less then 2 months ago from a 1 bedroom to a studio. I am now working on a couch with 2 end tables pushed together with rubbermaid containers and boxes to place my monitors and mouse on. I have my seat cushion because I have ischial bursitis which is extremely painful. I realized after just a couple days, from the way that my pain was increasing and when that happens, it is difficult to get in back under control. I needed a proper (height and size as I do training from home and use two monitors), and of course a chair which I get in myself. My issue is while food is allowed to be brought directly in the front door, the building manager will not allow my desk, from a reputable company, Restoration Hardware, who uses a Manhattan delivery company with insurances drivers to deliver a desk. I plan on getting a prescription from both my Weill-Cornel Physiatrist and Pain Management physician and any other supporting documentation that I need a proper work station for a medical condition. The building manager will allow hospital beds but he never said who has made the decision the tenant needs that? It could make them decline in their daily ADL’s, basic functioning and ambulating even around their apartment IF they really do not need a hospital bed but want the controls or a special mattress. I am a healthcare worker who is working from home but taking care of patients who need resources. I assure they get transportation, food, necessary medicines from pharmacies who deliver and anything the homebound patient needs. I am an RN, BSN, MBA, Certified Case Manager who also may resultantly need to work in a hospital as the nursing shortage gets worse. And yet, right now I am at home and this pompous building manager (had been here 30+ years) has the nerve to allow unclean (some) food delivery workers into the front entrance where I pass them by as they are lined up on Saturday night, and other nights maintain a constant flow, but will not allow me to have a desk delivered. I am willing to have it left at the curb as where there is a will there is a way.
Can anyone tell me if a building manager needs to have some type of literature or back-up to their decisions of what tenants can and can’t do or have delivered? And if I take pictures of things being brought in through the front door and taken up in our elevators, will that help my case for delivery of one (1) item that will allow me to work more efficiently?
I understand new rules need to be implied, but I see quite a difference from what the 16th floor shareholders are held to abide by in comparison to the Penthouse tenants.
What can I do? I will get a prescription from my doctor for a desk so that I can maintain proper posture, but the manager already said no. He did tell me I could order from Amazon though and I have that in writing. I am 67 years old and would need to assemble it and it may not be in any lesser size than the 42 inch desk I ordered. PLEASE HELP
201 E 66th St.
New York, NY 10065
Our management company has already approached us about locking in oil for the upcoming year since oil market down. Anything we should we wary of? A good plan for approaching? Such as wait until it goes down to "x" but if goes up to "y" lock in???? Is there a site where we can check the daily lock in rates being offered?> Join the conversation
I'm investigating refinancing my coop with a different mortgage company than the one I now have. (All I want is to lower my interest rate which is now 4.375%). The new broker said I had to have the coop questionnaire filled out by the Management company, but mgmt. wants to charge me $150. to do that.
I'd like to know how common that is, how common that $150 fee is, and if there's any way around it.
Because my building is in poor shape, with many (expensive) violations, I'm not sure that I'll be able to refi anyway, so I fear I'll be throwing away that $150. without being able to recoop it later (with a lower rate).
Knowledgeable replies, rather than opinions, are greatly appreciated. Thanks!
I was waiting for someone else to start the conversation but I suppose I will..
As a property manager, I have placed plans and contingency planning into play with every building.
this includes (but not limited to) staffing, staffing absenteeism, added staffing, added cleaning and disinfecting of specified areas, board meetings, party, and congregation limitations, laundry room and facility rules, and I am having a mandatory emergency preparedness seminar and meeting for all my supers and staff tomorrow to review communications, staffing, risk identification and mitigation and more...
For the purpose of improving and helping others to mobilize a plan, what are you doing? What are your concerns?
There does not seem to be any clear policy mentioned about this in the bylaws.
Is it possible for a shareholder who has been living in the coop for a long time with a disabled adult son , to transfer it in his will to his sibling who lives out of state but visits and stays in the cop periodically , and allowing him to let this disabled adult child continue to stay in the apt? The relative has excellent financials , so there would be no problem paying the maintenance . The cop does not allow the apt to be placed in a trust which is what the shareholder would have preferred to do . Do coops allow exceptions in cases involving a disabled person , re rules limiting sublease , if that is wht this would be considered? Thank you .
My building doesn't have enough spaces in our covered heated garage. 150 units & no guest parking in NJ, in a small town with limited parking. We have 160 parking spaces and essentially 3 extra after all are divided up. Our 3 bedroom PH apartments or 5 units, each get 2 spaces & everyone else gets one space. We have 44 two bedroom units and the rest are mostly one bedrooms leaving 11 studios. We recently decreased our maintenance by $50 to increase the parking fee to $100 to see if anyone would give up their spot to those seeking an extra for a 2 car family. Waiting to hear the status of this. We've suggested valeting the garage to the Board, which would bring an additional cost, but they feel it would be too expensive. We feel it would add value to the building. They gave no numbers to back up the valet cost, but it would allow all day guests to park in the garage when many are out at work and hopefully allow for more parking.
Can anyone provide details on their valet situation at their building? Which company do you use? Did it solve any problems that you were having beforehand?
The co-op board of the building I own in has recently decided to determine how much compensation a shareholder is entitled to..In past years the shareholder negotiated the fee for the use of their unit and the co-op negotiated for their fee.
Now the co-op has put a cap on the dollar amount a shareholder will be compensated. Is this legal???
Our building has a covered garage with approx. 35 spots (149 units in the building) and an approximate 10 year waitlist to get a spot. The garage fee was $80/month until 2019 when it was raised to $100; and then this year the Board (4-3 split) decided to raise the fee to $125/month. Garage spot shareholders are complaining that this increase is unfair and meant to try and kick out elderly shareholders. The Board reasoned that the increase was because the current fee is much less than market rate (approx. $250+ in our neighborhood) so rather than increasing maintenance by 3% to cover the budget deficit, we raised the maintenance by 1% and increased the garage to bring it to $125. How have other Boards dealt with pushback about raising garage fees? My logic is that the shareholders are not entitled to a garage spot and Coop as a whole is a business and it makes business sense to raise the garage fees to be closer to market rate so that the building as a whole benefits financially. Anyone have any tips for how to deal with annoyed garage renters?> Join the conversation Comments (2)
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