New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

NEW YORK CITY

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

How to Address Resident Hoarding in Co-Op and Condo Boards: Strategies for Safety

Written by Jennine Cullen, Associate Attorney, Taylor, Eldridge & Endres on March 28, 2024

New York City

A board of a co-op or condo must first document the situation, seek emergency orders from the courts, and appoint a guardian to help facilitate a hoarding situation.

A recent state court ruling has created a path toward major changes to New York City's property tax system, which could have mixed consequences for co-op and condo owners.

Handling Co-op Stock Transfers

Written by Matthew Goldberg, Partner, Hankin & Mazel on February 29, 2024

New York City

When shares change hands, whether due to familial changes, relationship shifts, or other circumstances, a series of legal steps must be followed. 

Addressing the Hard Insurance Market: Strategies for Boards

Written by Ken Jacobs, Partner, Smith Buss & Jacobs on March 21, 2024

New York City

Boards are exploring ways to reduce liability and safeguard their communities, including shifting liability from the board to unit owners, requiring unit owners to carry insurance, and conducting proactive maintenance and safety checks.

Even if inflation continues to cool, shortage of apartments for sale will take years to correct.

Lower broker commissions will mean lower closing costs for co-ops and condos. 

Bill would give co-ops and condos tax breaks for reducing building carbon emissions.

Critics say mediation is a get-out-of-jail-free card for buildings that fail to meet carbon caps.

As co-op and condo board scramble to reduce carbon emissions, there's good news and bad.

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Ask the Experts

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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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