New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021



It's not just the Manhattan market that's making a rebound.

Co-op board is replacing the original heating and cooling system.

Developer calls controversial project's foes "limousine liberal elitists."

Lawsuit claims building insurance was not sufficient to cover total loss.

Repairs keep a prized amenity from turning into a costly liability.

A Q&A with the former president of Cadman Towers co-op in Brooklyn Heights.

Doing it once and doing it right will save money in the long run.

Condo unit-owners should be reasonable when access is requested.

Co-op Board Gets Round of Applause for a Timely Refi

Written by Bill Morris on January 13, 2021

Flatbush, Brooklyn

Pandemic challenges become an opportunity for a Brooklyn co-op

Brooklyn is changing a lot. Prices are soaring so high they are starting to reach Manhattan-levels, and now, thanks to new development, the skyline is starting to reflect that change. In its most recent Brooklyn New Development report, CityRealty confirms that the skyline is transforming "as developers add tens of thousands of new rental and condominium apartments to the borough." Anyone who still thinks Brooklyn is synonymous with single-family houses need only check out the number of buildings with 20 or more units currently under construction — many of them, says CityRealty in its report, rising 10 or more stories and dramatically changing the built environment. CityRealty also anticipates the pace of building to outpace the previous decade, with nearly 5,000 new apartments in 2016 and nearly 6,000 in 2017. 

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