Co-op / Condo News: Goodbye, Pool World; Property-Tax Abatement; More
Sept. 9, 2013 — Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, it's co-op shareholders vs. rental tenants at Chelsea's London Terrace over access to a pool. We've also news of a new, retroactive property-tax abatement; the Brighton Beach bathrooms get put on hold; and as Stevie Wonder sang, we're very superstitious, writing's on the wall — just not the wall of the 13th floor. Plus, for boards, co-op taxes are up, and Concourse Village workers are up in arms.
Read all the latest co-op /condo news for buyers, sellers and board members in Habitat's weekly Monday News Roundup.
Co-op / Condo Buying, Selling, Living...
- "[London Terrace] Co-op Owners at War with Renters over Use of Indoor Pool" by Antonio Antenucci and Jennifer Gould Keil (New York Post) and "Owners, Renters Clash over Pool Use in Chelsea Co-op" by Jessica Dailey (NY.Curbed.com)
- "Co-ops and Condos Held in Trust Are Eligible for NYC’s Primary-Residence Property-Tax Abatement" by Loeb & Loeb LLP (Lexology.com)
- "Brooklyn Supreme Court Halts Construction of Brighton Beach Bathrooms [in front of Oceana Condominiums] … For Now" by Willie Simpson (SheepsheadBites.com)
- "Firefighter Injured while Battling Upper West Side [Condo] Blaze" by Thomas Tracy (New York Daily News)
- "'Dr. Doom' Economist Nouriel Roubini Forced to Remove Giant Hot Tub" from East Village co-op roof (New York Post)
- "Late Mortgage Payments Hit Credit Score Hard" by Malcolm Carter (Service You Can Trust blog)
- "A 13th-Floor Condo? No Such Luck" by Sanette Tanaka (The Wall Street Journal)
- "Dear Ms. Demeanor: How Do I Get My New [Co-op] Neighbors to Like Me?" by Jamie Lauren Sutton (BrickUnderground.com)
- "Dolly Lenz Sells John Madden’s Dakota Apartment for $3.9 M" by Stephen Jacob Smith (The New York Observer)
Co-op / Condo Board Issues...
- "Taxes for Co-op Rise Sharply" by Jay Romano (The New York Times)
- "Concourse Village Co-op Board Extends Contract Deadline for Maintenance Workers Threatening to Strike" (News 12 Bronx; subscription site)