New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

NEW YORK CITY

Proactive Condo Board Takes Steps to Prevent Tragedies

Written by Marc Schneider on February 15, 2022

New York City

Fatal Bronx fire inspires board to make pre-emptive rules – and enforce them.

Boards must treat all residents equally when distributing home test kits.

Co-op and condo prices rose 7% in 2021 to second-highest level in three decades.

Nearly 4,000 boards are facing a decision that will put them in a “pickle.”

Condo Board Goes in for Early Detection of Water Leaks

Written by Bill Morris on February 09, 2022

New York City

New sensors alert staff within seconds after moisture appears.

Prevailing Wage Affidavit Deadline Pushed to April 15

Written by Bill Morris on February 07, 2022

New York City

Boards must pay prevailing wages to qualify for a cherished property tax abatement.

When abatements end, taxes are sure to go up — but how much and how fast?

Archaic assessment formulas and annual caps have led to massive disparities in tax burdens.

Board let a problem persist for years without taking action. Not a good idea.

Brisk market and COVID-19 are causing delays in closings.

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