New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

NEW YORK CITY

Local Law 18 is having the desired effect — shutting down illegal sublets.

Flood Risk Disclosure Law: Challenges and Compliance Issues

Written by Lewis Montana, Partner, Levine Montana on October 26, 2023

New York City

A new state law requires landlords, including co-op boards, to provide tenants with comprehensive information about their building's flood risk by fully disclosing the property’s flood history.

New Tax Break for Major Building Upgrades

Written by Emily Myers on October 25, 2023

New York City

Co-ops struggling to pay for critical building-wide upgrades may now be able to access new tax breaks for major renovations.

Cherished tax breaks are brought back to help defray the cost of building repairs.

Soaring costs reignite fears that middle class will be priced out of the city.

Co-op and condo apartment combinations have cost the city 100,000 units of housing. 

Who's Responsible for My Repairs?

Written by Leni Morrison Cummins, Partner at Cozen O'Connor on October 19, 2023

New York City

Disputes about alterations and repairs usually boil down to who is responsible for the costs.

Recovering Legal Fees: Who Pays when a Lawsuit Arises?

Written by Slava Hazin, partner, Warshaw Burstein on October 12, 2023

New York City

When a co-op & condo board initiates a lawsuit or is sued, the issue of who is going to pay the legal fees is always asked.

New rule is the latest mandate in the war against the city's rats.

Financial pressures are forcing co-op boards to adapt from their old role as gatekeepers.

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Ask the Experts

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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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