New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

LEGAL/FINANCIAL


HOW LEGAL/FINANCIAL PROBLEMS ARE SOLVED BY NYC CO-OPS AND CONDOS

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.

More than a year after its preliminary report, commission relaunches hearings.

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Bipartisan group in Congress pushes to get rid of Trump-era tax burden.

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Advocates worry that a bedrock co-op board power is in jeopardy.

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Co-op Board Learns the High Cost of Being Unreasonable

Written by Andrew P. Brucker on April 13, 2021

Upper East Side, Manhattan

Court rejects board’s high-handed effort to evict long-time resident and his family.

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A co-op tax increase was scuttled; so was a workaround for carbon emission caps.

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Co-op and condo residents push back against shelters in posh hoods.

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Boards are not required to intervene in discrimination fights between neighbors.

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Westchester County bill would also set time limits on weighing applications.

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Federal rate hikes for pricey waterfront homes are now on hold.

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Something called Transitional Assessed Value is the culprit.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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