New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

NEW YORK CITY

Boards have until July 31 to schedule free inspections of facades, boilers and more.

Distorted rates are not always tied to home values or levels of risk.

Rule takes effect Nov. 12, and new "NYC Bins" will cost $50.

The overwhelmed DOB is teaming up with the Partnership for New York City.

Buyers are growing tired of paying high rents while rating for interest rates to drop.

Denying access based on religious observance may be considered discrimination.

Cash-only policies narrow potential buyer market and drive down prices.

Board Decisions on Repair Projects Require Strict Adherence to Governing Documents

Written by Michael Savino, Partner, Braverman Greenspun on June 06, 2024

New York City

Co-op and condo boards must consult the governing documents before approving repair projects, as failure to do so could result in a lawsuit for breach of fiduciary duty.

How Co-op Shareholders' Ownership Status Affects Survivorship Rights

Written by Seth M. Sahr, Partner, Novitt, Sahr & Snow on May 23, 2024

New York City

Co-op shareholders must understand how shares are titled on the stock certificate, as different forms of ownership carry distinct implications regarding survivorship rights, and estate planning can streamline the share transfer process.

For Financial Stability, Co-op Boards Must Swiftly Address Delinquent Shareholders

Written by Carolyn Rualo, Partner, Adam Leitman Bailey, P.C. on May 16, 2024

New York City

Co-op boards must strategically approach maintenance arrears by familiarizing themselves with the proprietary lease terms, collaborating with legal counsel, and taking timely actions to uphold the financial integrity of the co-op.

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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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