New York's Cooperative and Condominium Community
August 27, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, condo-owners don't want a visit from St. Vincent, the ex-wife of the Intuit software chairman loses out in a co-op sale, and the government wants home appraisals to be more transparent. And co-op board members can see one of their own taking the next step and running for office.
Written by Frank Lovece on August 24, 2012
It sounds like something from a horror movie: Walls seeping with horrible, foul-smelling, oozing human waste from the, um, bowels of Hell, one might say.
But that's not the most horrific part. The most horrific part is that the board of this prewar doorman co-op — where sprawling, 10-room apartments sell for up to $3.5 million — was willing to pay only $20,400 of the $23,360 bill to make good on the damage, and to go to court over a difference of less than $3,000. So ... just what was the big stink about?
August 20, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, Seward Park Co-op shareholders protest the suburbanization of the Lower East Side, a church rattles a co-op's walls, and there are, like, 10,000 LEED-certified buildings in the U.S now. Is your co-op or condo one of them? Why or why not? Please discuss. Plus, an Upper West Side arborcide, mandatory volunteerism at a self-managed co-op, and a condo owner wants to turn his place into a bed-and-breakfast. Kate Winslet, on the other hand, is looking for a more long-term rental of her Chelsea condominium.
August 06, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Greenwich Village co-op board refuses to discuss why it's evicting a financially responsible doctor's family that's owned a Fifth Avenue co-op since 1985, and residents of Harlem's Riverbend co-op are asking why the board just re-upped a management company they say has let the place fall into disrepair. Plus, a co-op / condo insurance checklist, and when a building installs a noisy playground, apartments overlooking it are out luck.
July 02, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week,it's a nail-biter as New York City and New York State play chicken over the technically expired property-tax abatement for co-ops and condos. Plus, private playgrounds are the hot new kid-friendly amenity and Alec Baldwin's new wife buys a condo ... right next to her husband's. Is that like his-and-her towels? For condo and co-op boards, we've no less than The New York Times says sic 'em when it comes to condo arrears. And here's how you break up with the nice, friendly volunteer who's not so great at the job.
Written by Tom Soter on June 26, 2012
A monthly column by HABITAT's editorial director.
Let's call the super Pete, and the only other thing I'll tell you about him is that he's honest, hardworking, and knowledgeable. Oh, yes, and I've known him for 25 years. When he complains about something, it isn't idle talk.
At this moment, he was pretty incensed: "This guy," he said, referring to another super he knew, "shouldn't have gotten that job."
June 11, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, NY1's Pat Kiernan isn't just a new anchor — he's also board president of a co-op that kept an unwanted building from going up next door. Now that's board clout. Plus: What do you with a nymphomaniac? No, no, if you don't want one around. We've also the latest new-construction woes and apartment sales-market reports. And while it involves a rental building and not a co-op or condo, you'll want to read about a near-tragedy because of a window air conditioner that fell 20 stories.
May 21, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week: When co-op / condo sales prices go down, property taxes still go up because market prices don't count in the computation. Now Albany says they should count — also to make property taxes go up. New York City Councilwoman Letitia James and others are trying to break this damned-if-you-do / damned-if-you-don't cycle.
Plus, while Co-op City's management fights a court order to accommodate a wheelchair resident, Co-op City's board votes to accommodate him. Maybe Co-op City needs new management — especially since manager RiverBay Corp. just got the place fined $85,000 over another disability denial. What do they have against disabled people, anyway? They cost too much? We've the latest on income-restrict apartments, how to stage for a sale and two sales records set, and how'd you like to do David Duchovny's co-op admissions interview?
The sidewalks in front of this aging co-op needed replacement: they were cracked and unsightly. But the job came as no surprise to the board and its management firm, Cooper Square Realty: the board has been monitoring the condition of the property closely as it adheres to a 10 -year capital plan. “Our first priority is the shareholders,” he says. “We want to protect their investment. It’s a very well-maintained building in a great location.”
December 31, 1969
... a new condo-hotel might go up in Brooklyn Bridge Park. And are you living next to the guy who wrote Ocean's Twelve and The Bourne Ultimatum?
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