October 23, 2019
Price cut or cash offer could still fail to close the deal.
Written by Dale J. Degenshein on January 21, 2019
It’s possible, but not easy, to evict a shareholder for objectionable conduct.
Written by Paula Chin on May 22, 2018
Steel overbuilds can be easy on a budget and on an old building's roof.
Written by Marianne Schaefer on December 13, 2017
How 345 East 81st Street managed a complex $4 million capital project.
Written by Bill Morris on December 06, 2017
Condo board in historic district moving ahead with streamlined plan.
Written by Marianne Schaefer on May 18, 2017
New state Supreme Court decision favors shareholder in dispute with board.
February 07, 2017
Boards need to enforce the rules – and consider providing kids with a safe place to play.
March 17, 2016
It’s your call: one median-priced Manhattan apartment, or 208,333 pints of Guinness Stout?
Written by Richard Siegler and Dale Degenshein on October 15, 2014
What does a cooperative need to prove when it sues a shareholder in landlord/tenant court for non-payment? These cases go to trial so rarely that people may not look at the proof the co-op must proffer.
But in 300 East 85th Housing Corp. v. Dropkin, the court considered the co-op's proofs and rendered a decision that is worth examining for several reasons.
August 11, 2014
Frieda and Howard Dropkin, shareholders at The America co-op at 300 East 85th Street, owe $13,000 in maintenance-payment arrears, the co-op board alleged in a court case decided late last month. Given the arrears and a couple of related issues, the board had moved to evict the couple. But, as the New York Law Journal reports, Judge Jack Stoller wasn't having any of it once he found the board couldn't explain how it calculated any of its shareholders' maintenance charges, let alone the Dropkins'. He also rejected the board's argument that the calculations didn't matter since the "voluntary payment doctrine" would have established the maintenance charge, noting the Dropkins had paid different amounts each month. The board's attorney told the Law Journal it was reviewing the decision to determine how to proceed.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?