Co-op / Condo News: Luxury-Condo Tax Breaks, A Legal Win for Sponsors, More
June 24, 2013 — Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, half of Albany is up in arms and the other half is sticking its hand out over 421a tax abatements for luxury condominiums. Meanwhile, the attorney general slaps the wrist of a developer banned from selling any condos at all. Plus, a big change at Co-op City and a big sale in Greenwich Village, as Mary-Louise Parker (right) sells her Washington Square co-op. Plus: Advice for your co-op board 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 Politicians Blast 'Galling' Albany Tax Deal for Luxury Apartment Towers" including One57 condominium, by Erin Durkin and Daniel Beekman (New York Daily News) and "Most Property Tax Breaks Go to Manhattan's Wealthiest Areas" by Jeremiah Budin (NY.Curbed.com)
- "NY AG Wants 'Asian Donald Trump' and Heiress Wife — Banned For Life from Selling NY Condos — To Pay $5M After Defying Order with New Real Estate Project," the Broadway Tower condominium in Queens, by Christina Carrega and Jeane Macintosh (New York Post)
- "My Co-op Board Interview: Sometimes you need to leave the Marc Jacobs bag at home" by Elle Bee (BrickUnderground.com)
- "Don’t Single Out the Sponsor: Appeals panel finds no personal liability for signing condo certification" in 184 Thompson Street case, by Bruce H. Lederman and John D’Agostino (Real Estate Weekly)
- "Helen Atkins Steps Down as Head of Co-op City Board" by Jennifer H. Cunningham (New York Daily News)
- "Buying a Tenant-Occupied Condo" by Jay Romano (The New York Times)
- "Sellers, Most Buyers Are Just as Smart as You" by Malcolm Carter (Service You Can Trust blog)
- "Mary-Louise Parker Sells Village Co-op" (Real Estate Weekly)
Co-op / Condo Board Issues...
- "Owners and Board Meetings" by Jay Romano (The New York Times; scroll to second item)
WebCitation archives:
NYC Politicians • Tax Breaks • NY AG • Co-op Board Interview • Single Out • Helen Atkins • Buying • Sellers • Mary-Louise Parker • Owners
Photo Mary-Louise Parker: cropped publicity still