New York's Cooperative and Condominium Community
April 15, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. Quite the tabloid week this week, as police tell more about the Penn South embezzlement, as international money-laundering sends a Chelsea condominium apartment into auction, and as a suspect is arrested in a Co-op City killing. Plus, a bathroom may block views, a "maintenance-free" co-op and are Manhattan apartment prices up or down?
February 25, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, State Senator Tony Avella tries to bring home the bacon ... or, rather, keep the bacon home, in a co-op issue involving a pet pig. Plus, for condo and co-op boards, New York City wins an illegal hoteling case, a co-op racial-bias lawsuit moves forward, and the boards of a Fifth Avenue co-op and a nearby condominium band together against a building proposed to rise between them.
March 25, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, they do love their cigarettes in Queens, a Long Islander may face eviction for burning the wrong kind of firewood and Petey the Pig's "parents" are trying to sell their co-op apartment and fine a more swine-friendly place. There's a Harlem co-op / condo expo April 6-7. And where the wild things aren't is in the late Maurice Sendak's co-op, now up for sale. Plus, for condo and condo and co-op boards, we've advice on mediation.
March 18, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, are the primarily Polish residents of The South Star condominium prejudiced against the Russian lady, or do they just not like her illegal hoteling? Plus, U.S. Rep. Steve Israel (D-Hauppauge) talks HUD money for superstorm-Sandy repair grants, the CityRealty website revamps and Chelsea Clinton buys a condo, in neither Chelsea nor Clinton. And for condo and co-op boards, we've got noise-and-nuisance fights on the Lower East Side and in Tribeca.
Written by Frank Lovece on February 26, 2013
You've seen the headlines, and they're grossly, irresponsibly inaccurate: "Condos and Co-ops Not Covered Under FEMA." Co-op shareholders and condo unit-owners are covered under the Federal Emergency Management Agency. Only co-op and condo boards and common areas aren't. Why? Because FEMA's primarily aim is giving homeowners and renters alike temporary shelter and supplies after a disaster, and no one lives in a building's common-area hallways and lobbies.
Now that that's settled, what can condo and co-op boards do for funding to help restore their buildings after, oh, say superstorm Sandy? Here's what.
Written by Frank Lovece on February 19, 2013
After the storm, after the surge, after the wind has died, after floodwaters recede, the finger-pointing inevitably begins. "We did not have flood insurance," says Dr. Janie Simmons, an anthropologist and AIDS researcher who serves as board president of Shore View Condominiums at Rockaway Beach in Queens, one of the many New York City communities battered hard by superstorm Sandy. "Legally, we were not in a flood zone," she says. "There hasn't been a flood in most of the Rockaways for more than a generation. We were not required nor were we ever offered flood insurance."
February 11, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Long Island co-op struggle to finance common-area repair, not covered by FEMA, after superstorm Sandy; a condo super in Greenpoint risks blowing the place up; and rich folk got dem pied-à-terre blues. For co-op and condo boards, we've two tales of illegal hoteling — both with hilarious, albeit nefarious, behavior by the apartment owners. Plus, the latest amenity: onsite well-being programs.
Written by Frank Lovece on December 14, 2012
In the terrible aftermath of superstorm Sandy, co-op and condo boards and residents found themselves struggling with both immediate needs and longer-term woes. With lobbies, basements and other common areas flooded and in need of repair and reconstruction, with electrical panels destroyed and with buildings not collecting maintenance or common charges from uninhabitable apartments, many boards are understandably overwhelmed. But federal help is available. Through conversations with government agencies and others, Habitat is here to you get through a flood of misinformation.
Written by Frank Lovece on February 23, 2012
Now it was time to talk to the dame's mouthpiece. Adam Leitman Bailey had made a name for himself writing books about real estate, like Finding the Uncommon Deal (2011). He had a pretty swell set-up, down on Broadway near the courthouses. He was the kind of guy that judges called, "Your honor."
Written by Frank Lovece on December 21, 2012
The condo board at the Village Mall at Hillcrest Condominium, in Queens, thought it was doing everything it had to do on that winter's day. Its porters and superintendent regularly used a small tractor to remove snow, and a plastic device on wheels to spread salt onto the sidewalks. But they kept no logbook of when they did these things — and so when Jaime R. Toro slipped and fell on ice while walking his dog on Feb. 16, 2007, the condo had no defense. In part for want of a logbook, the case continues to drag through the courts nearly six years later — and nearly three years after Toro passed away.
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