New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021



Co-op and Condo Boards Girding for Election Day Unrest

Written by Bill Morris on November 03, 2020

New York City

Memories of summertime looting linger as bitter campaign comes to an end.

Co-op boards have the power to raise fees to keep budgets balanced.

Change will affect some co-ops with rent-regulated apartments.

When a Transfer of Shares Is Not a Transfer of Shares

Written by Andrew P. Brucker on October 27, 2020

New York City

Co-op boards need to protect their right to approve transfers and collect flip taxes. 

Low Interest Rates Come With New Snags for Refi Shoppers

Written by Lisa Prevost on October 26, 2020

New York City

Want to refinance your co-op's mortgage? Get your ducks in a row.

According to a report released early this week by CityRealty, the average price of new development units in buildings such as One57 is expected to reach a record $5.9 million this year. Those "slumming it" in a regular old existing Manhattan condo can expect to pay closer to $2.7 million this year. That said, far fewer units are being built now than were build during the development boom of the mid-2000s; therefore, the number of closed sales is expected to increase more modestly than their prices.

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Lease renegotiations are just one strategy for co-op and condo boards.

By Oct. 31, boards must post their building’s letter grades for the first time.

Different Tools for Enforcing the Rules in Co-ops and Condos

Written by William D. McCracken on October 20, 2020

New York City

Boards need to use every tool in the box during the pandemic.

HUD claims Long Island condo discriminated against disabled resident.

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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