New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

YONKERS

New thinking has this board doing capital projects once – and doing them right.

A sick couple gets love and support from their co-op neighbors and staff.

Yonkers Condo Board Sells Major Elevator Overhaul

Written by Sue Treiman on September 25, 2019

Yonkers, Westchester County

Unit-owners, with a little coaxing, buy into doing a big job the right way.

How Do You Get This 25-Ton Beast Up On the Roof?

Written by Bill Morris on December 26, 2018

Yonkers, Westchester County

Condo board tackles capital project with multiple moving parts.

Board uses "bridge" loan to fix retaining wall.

"Bridge" Loan Helps Co-op Cross Perilous Chasm

Written by Frank Lovece on October 29, 2018

Yonkers, Westchester County

Retaining wall collapse onto railroad tracks nearly derails co-op.

No More Fear of Flooding

Written by Bill Morris on January 03, 2017

Yonkers

A determined co-op board overcomes years of watery misery.

Keeping an Elevator Job on the Up and Up

Written by Bill Morris on December 28, 2016

Yonkers

Co-op board uses a consultant to oversee two elevator replacements.

A co-op board learns to listen to new ideas from unlikely sources.

Flush With Cash? Reverse Assessments May Be for You

Written by Frank Lovece on November 10, 2015

Yonkers

 

Your co-op might be making too much money. Yet sometimes it really can happen: you refinance the underlying mortgage, you refurbish and sell an apartment picked up in foreclosure – and then you have issues with your nonprofit status – and also shareholders wondering why their monthly maintenance is so high if you're rolling in dough.
 
What can you do? Lower the maintenance? Maybe. But if you're Michael Barbara, the 21-year board president of Yonkers' 528-unit Bryn Mawr Ridge Coopersative, you implement a concept that appears to have had no name until he gave it one: a reverse assessment.

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?