Co-op / Condo News: Class-Action Suit vs. Property-Tax Craziness, and More
April 7, 2014 — Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, residents' outrage over rodents reaches a roar in one middle-class Bronx neighborhood's historic old co-ops (albeit spelled "coops"). Meanwhile, in a more upscale area of the borough, a condominium gets millions in tax breaks. Life as usual, in other words. And speaking of taxes, we've news on the class-action suit aiming to make New York City's crazy property-tax calculations fairer, and an Upper East Side condo is suing the MTA for Second Avenue subway-related damage. Plus: Celebrities buy penthouses!
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...
- "Rats Plague Allerton Coops" by Jennifer H. Cunningham (New York Daily News)
- "Bronx Condo Owners Get Tax Relief" by Denis Slattery (New York Daily News); "Late Bill in State Budget Benefits Bronx Condo Complex" by Pat Bailey (New York Post); and "De Blasio Blindsided by Bronx Condo’s Tax Break" by Pat Bailey and Beth DeFalco (New York Post)
- "4 Ways to Screw Up Your Mortgage Application — And How to Avoid Them" by Robbie Gendels (BrickUnderground.com)
- "Jimmy Fallon Celebrates Early ‘Tonight Show’ Success with New, $1.35 M. Gramercy Park Co-op" by Kim Velsey (The New York Observer) and "Willem Dafoe Picks Up Jane Street Penthouse Co-op for $4M" by Mark Maurer (TheRealDeal.com)
Co-op / Condo Board Issues...
- "MTA Sued for Construction Damage to Luxury Condo" by Julia Marsh (New York Post)
- "An Indescribable [New York City Property-Tax] System, Threatened," on a class-action lawsuit on its inequities, by Dana Rubinstein (CapitalNewYork.com)
- "Battle for Kosher Lower East Side Ends — Sadly" by Michael Kaminer (The Jewish Daily Forward)
- "Manhattan Boro Prez Seeks More Landmarks" by Joe Anuta (Crain's New York Business)
WebCitation archives:
Rats • Tax Relief • Late Bill • De Blasio • 4 Ways • Jimmy Fallon • Willem Dafoe • MTA • Indescribable • Battle for Kosher • Manhattan Boro Prez