December 30, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. As the year ends, some things don't change. To wit: Two Financial District condo boards and Pace University have filed a lawsuit to keep a city Probation Department center out of the neighborhood; co-op shareholders at Dunham House on the Upper East Side are fighting a retailer who threatens to block their views; and a condo board in Flushing, Queens, is getting sued for its treatment of a Buddhist church. Man, who hates Buddhists? Plus, one of the New York Giants is renting out his condo apartment during Super Bowl week since, let's face it, the Giants have no reason to stick around.
November 18, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents.
This week, a co-op shareholder in Queens complains about a neighbor's noise and gets heard in court, and a condo board in Chelsea sues a commercial gym over weighty noise issues. A newspaper says almost half the buildings that object to Cite Bikes don't get them, but you can't wait till you know they're coming. Bike 22. What's the latest luxury amenity? On Park and Fifth Avenues, it's private restaurants just for residents and guests. Plus, Leonardo DiCaprio buys a "wellness" apartment in Greenwich Village. Yeah, we didn't know what that was, either. Sounds nice, though.
November 25, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, the saga of Oceana may be nearing its end, as a judge halts construction on view-destroying boardwalk restrooms. Elsewhere, a condominium's residents get displaced by fire, Co-op City mulls Cablevision, and there's some legislative movement, finally, to thwart scammers who pretend to be disabled so they can have pets in no-pet buildings. Plus, Carly Simon sells her co-op, we've tips for co-op admission interviews — hopefully not like this one from Saturday Night Live — and apps, not fobs, may be the keys of the future.
November 11, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, condo-board president Joan Rivers scores a court victory over a deadbeat resident, and residents around One57 no longer have to keep relocating because of that freaking construction crane. New York City's getting greener with new electronic-waste recycling bins for your garbage room. Plus: news on tiny apartments, colossal condos and, for boards, the latest on Airbnb hoteling and what's new in combined heat and power (CHP) generators.
October 28, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, police erroneously force a doorman to let a delinquent owner into her condo apartment — while almost simultaneously, a judge is ruling that she pay up first. Add the fact this occurred at the condominium where Joan Rivers is board president only goes to show that no matter who you are, board members (as another comedian put it) get no respect, I tell ya. Except here, of course, and for boards we've news of a lawsuit against an insurance agent who procured inadequate flood coverage, efforts to keep an alleged hoarder away and that graffiti on the side of your building? It may be worth six figures.
October 21, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, The Plaza puts the pedal to the mettle, as the storied hotel-condominium sues to get rid of a CitiBike rack. Also suing: Corporations fighting Joan Rivers' condo nemesis Elizabeth Hazan (see last week's News Roundup), and Yoko Ono, who says her West Village co-op board is walking on thin ice. We've renovation plans a board won't like, the latest on mortgage rate-locks, and superstorm Sandy woes persist in The Rockaways, Coney Island and elsewhere.
October 07, 2013
Recent news affecting co-op and condo buyers, sellers, boards and residents. The aftermath of superstorm Sandy lingers, Concourse Village workers may strike and a co-op / condo board-member group meets with mayoral candidate Joe Lhota. Plus, lot o' news for boards this week, as one court ruling partly limits the Business Judgment Rule and another says a particular type of Airbnb rental isn't illegal hoteling. And experts answer a board member's own plea: "What Can I Do About the Tyrants on My Co-op Board?"
September 30, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week there's a lot of news for boards in particular, with a growing wave of scammers falsely claiming disability in order to have dogs in a no-pet building, with the latest on publicly naming residents in arrears, with the expansion of no-smoking buildings, and with converting a club space to an apartment for resale. Plus: families buying multiple apartments together, broker-free sales and Judge Judy (above) buys in Sutton Place.
Written by Frank Lovece on August 30, 2013
It's hard enough for condominium associations to go after unit-owners in arrears for their common charges. It's even harder when the unit-owner "gives away" the apartment to somebody outside the country who moves around and doesn't give a forwarding address. And since courts don't recognize it when you serve court papers to the "former" unit-owner — who still lives there — what can a condo board do? Are you out of luck? Is this the magic-trick loophole, the get-out-of-jail-free card, that prevents a board from taking someone in arrears to court?
Maybe so, at least judging from a case still in its early stages involving The Spencer condominium in the Lenox Hill neighborhood of the Upper East Side.
September 02, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, for some reason, we're big on board-specific news: boards suing developers and residents, a board president squeezing "donations" from building vendors for a political bid and a board turning amateur cop and firing employees it suspects of thievery — hindering the investigation by actual cops. A George ZImmerman board, as it were. Plus, exclusive co-ops learn to compete for buyers and an alleged illegal hotelier has people arrested who complain! Man, late August is crazy!
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