Co-op / Condo News: Tax Breaks About to Expire, Disability Suit, Two Records
May 21, 2012 — Recent news affecting co-op / condo buyers, sellers, boards and residents. This week: When co-op / condo sales prices go down, property taxes still go up because market prices don't count in the computation. Now Albany says they should count — also to make property taxes go up. New York City Councilwoman Letitia James and others are trying to break this damned-if-you-do / damned-if-you-don't cycle.
Plus, while Co-op City's management fights a court order to accommodate a wheelchair resident, Co-op City's board votes to accommodate him. Maybe Co-op City needs new management — especially since manager RiverBay Corp. just got the place fined $85,000 over another disability denial. What do they have against disabled people, anyway? They cost too much? We've the latest on income-restrict apartments, how to stage for a sale and two sales records set, and how'd you like to do David Duchovny's co-op admissions interview?
Read all the latest co-op /condo news for buyers, sellers and board members in Habitat's weekly Monday News Roundup. Also included: Permanent archival links. If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
Co-op / Condo Buying, Selling, Living...
- "NYC [Co-op / Condo] Real Estate Tax Break Set to Expire — Again" (Reuters) and "Tish James Calls on Albany to Renew Co-op, Condo Tax Break" by Paul Leonard (FortGreene.Patch.com)
- "Co-op City Docked $85,000 for Not Allowing Residents to Keep Emotional-Support Dogs in Their Apartments" by Daniel Beekman (New York Daily News)
- "Co-op City Approves Automatic Door Openers" by Daniel Beekman (New York Daily News)
- "Ask an Expert: Do I Need Co-op Board Approval to Leave My 19-Year-Old in My Apartment?" by Teri Karush Rogers (BrickUnderground.com)
- "The Income-Restricted Apartment" by Jim Rendon (The New York Times)
- "Staging Can Help Sellers in an Unexpected Way" by Malcolm Carter (Service You Can Trust blog)
- "Oaktree Founder Pays $52.5 Million for Manhattan Co-Op, A Record" (FINalternatives.com) and "Park Ave. Co-op Goes for Record-Breaking $52.5 Million" by Gina Pace (New York Daily News)
- "At Over $90 Million, Sale of Midtown [Condo] Penthouse Sets a New York Record" by Alexei Barrionuevo (The New York Times)
- "Duchov 'NY'" by Jennifer Gould Keil (New York Post)
Co-op / Condo Board Issues...
- "Everybody Into the Pool!" by Jay Romano (The New York Times)
WebCitation archives:
Tax Break • Tish James • Co-op City Docked • Co-op City Approves • 19-Year-Old • Income-Restricted • Oaktree • Park Ave. • $90 Million • David Duchovny • Pool