New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

HELL'S KITCHEN

Angry unit-owners seeking new board and $50 million in punitive damages.

Hell’s Kitchen co-op works hard not to become a holiday hotel.

Residents of outer boroughs needed to join the ambitious TOSS crusade.

Resistance seen along Billionaires’ Row is absent for women’s shelter.

Condo board prevails in dispute over what’s allowed in common areas.

Three years after fatal fire, lawsuit filed against Strand condominium.

A Condominium That Rose From the Ashes

Written by Bill Morris on December 16, 2016

Hell's Kitchen

Sometimes, calamity can make a building stronger and better than ever.

The Piano Factory's Lessons on Self-Management

Written by Matthew Hall on September 23, 2016

Hell's Kitchen

It saves money, but it also means never getting to say you’re too busy.

The Perils and Paybacks of Self-Management

Written by Matthew Hall on September 09, 2016

Hell's Kitchen

“The Dakota of Hell’s Kitchen” has decided to go it alone.

It’s not easy being rich in this town nowadays. Unit-owners at the luxury condominium tower Atelier on West 42nd Street have filed a $100 million lawsuit against the developer, the Moinian Group, claiming the company is preventing them from using the building’s pool and fitness center.

Company head Joseph Moinian called the claims “meritless,” The Real Deal reports.

However, the board of managers contends that after selling his sponsor units, Moinian retained ownership of the building’s common spaces. By way of adding insult to injury, Moinian not only blocked Atelier residents from using the building’s pool and gym, he made the facilities available to residents of his nearby rental building, Sky.

Built in 2007, Atelier – that’s French for studio – has 478 condo apartments. One, the 45th-floor penthouse, is currently on the market for $85 million. It comes with a $1 million yacht, two Rolls Royce Phantoms, and $2 million in credit to renovate the space – but no pool or gym access. Mid City Gym is just a few blocks away. They don’t have a pool, but they do offer tanning.

1 2 3

Ask the Experts

learn more

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

Source Guide

see the guide

Looking for a vendor?