New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

NEW YORK CITY

National Association of Realtors settlement will lower broker commissions across the board.

There are limits to the reasonable accommodations co-op and condo boards must make.

Resolving Conflicts over Cost Allocation in Condominiums with Commercial Units

Written by Peter Moulinos, Managing Partner, Moulinos & Associates on April 11, 2024

New York City

A dispute can arise when a commercial unit-owner is asked to pay an assessment or common charges for an expense that is unrelated to their unit, which can be resolved through the governing documents, amendment of the bylaws, and professional opinions.

A Manhattan co-op has solved its noisy steam radiator problem by converting the system into a two-pipe system with steam traps, removing the radiator air vents, and lowering the boiler pressure, resulting in a quieter system and savings on its energy bills.

If enacted, the Green Buildings Act would offer a lifeline to apartment buildings struggling to meet Local Law 97’s carbon emission requirements.

Most are set at 1% or 2% of the sale price, but there's a lot of wiggle room.

High-end co-ops and condos likely to be big losers if property tax reform comes.

A ruling from the state's highest court has made it more likely that the city will be forced to make changes to its property tax system.

New York City's overdue property taxes are at their highest level ever — $880 million — with single-family and condo owners making up a third of delinquencies.

Mayor Eric Adams wants to life restrictions on building density and add affordable units.

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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

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