Our coop says they have heard from someone in the know in Albany there is little support for this annual abatement and it will probably be terminated in its entirety within the next year or two.
I doubt this.
Has anyone else heard this?
I would appreciate getting recommendations for very low-cost management companies. I live in a building with very few units, and our inexpensive management company doesn't provide timely services. They also seem lacking in knowledge about minimal safety procedures (e.g., providing clear exit signs in case of fire). We have to nag and nag to get them to fulfill their responsibilities. Recommendations for management companies that provide minimal, but competent, service would be helpful. Thanks!
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Can anyone recommend a few good insurance companies for our coop? We are under 80 units in queens.
Can you email me directly at nyccoop@yahoo.com?
Thank you
Vicky
We are a 100 unit garden apartment non union co op in Queens, N.Y.C. We presently have 1 live in super. The super is also a shareholder who has his maintenance, washer/dryer/ dishwasher, air conditioner, parking spot and garage fees paid for by the co op. We have been union free for about 4 years now. He knew we were a union free co op when He was hired. However, now he has said that he wants to join the union even though he knew we were a union free co op. What recourse does the co op have because we don't want a union super?
Thanks in advance
What are your thoughts about Board Officer negotiating ,dealing with contractors, and vendors without full transparency or approval from the rest of the Board?
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The doorman in our coop will not open the door for delivery people. He will sit and ignore them.
This seems discriminatory to me - is it common?
If an electric outlet is defective in a condo apartment, whose responsibility is it to repair it--the apartment owner, or the condo association? The first indication of a problem was when I turned on a lamp that was plugged into this outlet, and the bulb blew - smoke arose from the bulb. Thinking that the problem might have been the lamp, I plugged in another lamp into that outlet. The lamp worked for only one day.
The electric outlet seemed to have affected the light bulb - when I tried out the bulb in other lamps, plugged into a different outlet, the bulb no longer worked. My question: If this is a systemic issue, is it the condo association's responsibility to pay for an electrician to 'fix' the outlet? Or, is it the individual apartment owner's responsibility?
Is it legal per the Business Corporation law to use corporate websites, emails solicit proxies, legal advice from the corporate attorney at the cooperators expense for personal use when running for the Board of Directors?
Is also legal to remove an officer of the Board before the certified results are posted before the board is seated and new officers are elected?
My brother is the executor of his brother-in-law's estate in Pennsylvania and there is about $200,000 in the attorney's escrow account. The estate is almost wound up (estate taxes have been paid) but the attorney was just admitted to the hospital with COVID. He is in bad shape and is on a ventilator. The question is: is the money safe and if the guy dies, who takes care of the estate and the escrow money and any idea how long that would take?
Thank you very much for any assistance.
If my co-op received an “N” (exempt) energy efficiency grade, do they still have to post it?
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I hear it almost every year... <chuckling> Perhaps this article will put your mind at ease https://www1.nyc.gov/site/finance/benefits/landlords-coop-condo.page
What I believe is ending this year is the 421-A Tax Abatement. This is completely separate from the Real Estate Tax Abatement you're asking about and was given to new developments under certain conditions.
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