ARCHIVE SEARCH RESULTS

A progressive Upper West Side co-op's attempt to meet Local Law 97 carbon limits turned into a multi-year project after discovering corroded storm drains and electrical boxes, leading to a comprehensive inventory of building systems. (Print: When One Project Becomes Five)

Co-op boards should follow all the requisite notice requirements in the proprietary lease and conduct a fair hearing to terminate a shareholder's lease if their behavior is causing a serious nuisance. (Print: FOLLOW YOUR PROPRIETARY LEASE PROVISIONS PRECISELY)

1 Grand Army Plaza in Brooklyn's Prospect Heights replaced its rooftop unit, cooling tower, and exhaust fans to improve ventilation, reduce energy consumption, and decrease carbon emissions, saving the building $250,000 and 170 tons of carbon emissions. (Print: Addressing One Problem with a Multi-System Solution)

A Manhattan condominium board discovered a six-figure sum owed by the building's sponsor two years after the sponsor control period had ended, highlighting the importance of an independent auditor and a thorough review of all professional service relationships. (Print: The Trouble With Sponsor Accounting)

Insurance providers are now performing stringent sidewalk inspections to identify potential trip-and-fall claims, and buildings must document city permission to make repairs on public infrastructure to satisfy insurance requirements. (Print: How Cracked Pavement Could Cost You Your Insurance)

Smart water leak detection systems are delivering impressive financial returns for buildings, with insurance companies offering up to an 8% discount on homeowner policies for buildings with comprehensive water leak detection systems. (Print: Water Warriors: How Proactive Boards Are Stemming the Tide of Rising Insurance Costs)

(Print: When a Roof Deck Dream Meets Regulatory Reality)

EZ Election Solutions was called in to help sort out a voting mess at a Manhattan condominium, where residents voted via chat during a virtual annual meeting, creating issues with private votes, potential miscounting, and tensions between board candidates and the managing agent. (Print: The Hidden Risks of DIY Board Elections)

The lobby of an Art Deco co-op on the Upper East Side was renovated to its former glory, featuring new floors, lighting, and architectural elements that increased the value of the property.

A recent New York condo case has highlighted the potential consequences of board decisions being deemed in bad faith, with board members facing personal liability and potential insurance premium increases.